1608 GUNSMITH DR, Lutz, FL 33559
Stunning 3-bedroom, 2-bath, 2-car garage pool home nestled in the heart of Carpenters Run, Pasco County! This beautifully maintained property boasts an open concept floor plan and a private, fully fenced backyard with no rear neighbors. Step inside and be wowed by the spacious living room. The formal dining area, located just off the family room, provides the perfect space for hosting gatherings. The kitchen seamlessly opens to the cozy family room, featuring a charming fireplace and sliding glass doors that lead to the pool area. The large primary suite is tiled, offering a generous walk-in closet and an en-suite bathroom with dual vanities. Best of all, the primary has its own private access to the pool! The home also boasts two additional bedrooms, a second full bath, and a convenient laundry closet. Outside, unwind on the expansive screened lanai, perfect for morning coffee or evening relaxation. The oversized pool and covered patio area make entertaining a breeze. Major improvements include a water softener installed in May 2019, new AC and air handler in August 2019, and all windows replaced in September 2019 for energy efficiency. In April 2020, a powerful 14.1kWp solar system was installed, and by June 2020, the entire air duct system was replaced for improved air quality. The kitchen was beautifully remodeled in April 2021 and the pool heater was added in June 2022, perfect for year-round enjoyment. To top it off, the roof was completely replaced in May 2023. Enjoy the perks of low HOA fees which allows for short term rentals (Financials Available) and no CDD, while living in a family-friendly neighborhood with a clubhouse, community pool, basketball and tennis courts, and a playground. This incredible home is conveniently located near top-rated schools, shopping, dining, provides easy access to I-75, I-275, and is only a short drive to Downtown Tampa. Don’t miss out on this incredible opportunity!
You may be able to put down less than the total down payment amount of $245,632 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #u8256016
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.