16520 Blenheim Dr, Lutz, FL 33549
4 beds · 3 baths · 2,336 sqft
***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!
Source: STELLAR #t3530134
Source: STELLAR #t3530134
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
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.
MLS ID: #t3530134
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.