16520 BLENHEIM DR, Lutz, FL 33549
***NEW PRICE REDUCTION*** Welcome home to this beautiful, well-maintained home in the coveted neighborhood of Windsor Park. Walk through the front door to be greeted by a view of the custom oversized pool and spa overlooking a serene pond. This pet-free and smoke-free home features the perfect split floor plan with 4 bedrooms, 3 full bathrooms, and an oversized 3-car garage. The one-year-old roof offers enormous value and peace of mind. This beautiful home has hard surface wood and tile flooring throughout. You will love the newly updated kitchen featuring abundant white wood cabinetry and new granite countertops with premium stainless steel appliances, including the refrigerator, oven, microwave, and dishwasher. A closet pantry, breakfast bar, and separate breakfast nook open to the family room with a wood-burning fireplace, completing the perfect area for entertaining. The large windows and sliding glass doors throughout the home provide ample opportunity to take advantage of the view. When entering the home, you are greeted with natural light through the sliding glass doors in the formal living room and dining area. The spacious master bedroom offers bamboo flooring and sliders to the pool area. The master bath has dual sinks, a walk-in shower with a bench seat, a garden soaking tub, and a large walk-in closet. The two guest bedrooms both have large closets and share a guest bathroom with a shower/tub combo. The fourth bedroom/in-law suite at the back of the home has a pocket door, allowing it to be separated from the rest of the house. This suite includes ample closet space and pond views with access to the third bathroom, which opens to the pool. The fantastic custom-built pool area has a large covered lanai, a new pool heat pump, a spa, and more stunning pond views. This home is conveniently located near shopping, restaurants, and highways. All room sizes and restrictions are to be verified by the buyer. YOU WANT TO SEE THIS HOME!
You may be able to put down less than the total down payment amount of $126,091 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: #t3530134
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.