19333 LEONARD RD, Lutz, FL 33558
One or more photo(s) has been virtually staged. Discover luxury living in this nearly new 2020-built 2-story M/I Home, the Calcutta model. With 5 bedrooms, 4.5 bathrooms, a bonus room, and a 3-car garage, this stunning residence offers just under 4,000 sq.ft of sophisticated living space on a unique conservation lot with no rear or front neighbors, all located in the desirable Preserve at Long Lake Ranch. This home greets you with a charming pavered drive, exterior stone accents, window shutters, roof corbels, and a quaint front porch. Welcoming you inside is a grand 2-story entryway with wooden staircase and elegant plant tile floors flowing throughout the open living areas. At the heart of this home is a chef’s dream kitchen, featuring a massive island with a breakfast bar, 42” wood cabinetry with crown molding, stainless steel appliances, stainless hood, double wall ovens, glass tile backsplash, coffee bar, walk-in pantry, and an eating space that overlooks the living room and backyard. The cozy living room includes a built-in electric fireplace, custom wood shelving, and views of the lanai and rear yard. A formal dining and living room provide a perfect setting for gatherings and special occasions. The downstairs guest suite or office is conveniently located next to a full bath for added privacy. The downstairs laundry room includes built-in storage cabinetry and a stainless sink. There’s plenty of closet space and under-stair storage throughout the home. Upstairs, the primary suite is a true retreat, measuring 19ft x 19ft, with an en-suite bath that features dual vanities, a soaking tub, a tiled glass shower, and two full walk-in closets. The upper level also includes three guest bedrooms, one with an en-suite bath, and a bonus room. Step outside to enjoy your covered lanai, which overlooks a fully fenced yard, community conservation area, and lake. The Preserve at Long Lake Ranch amenities include a beautiful pool located just two houses down the street, along with a basketball court, tennis court, playground, walking paths, and fishing dock overlooking the picturesque lake. This home comes with a clean 4-point inspection, ensuring it's ready for you to move in. Conveniently located, don’t miss your chance to own this exquisite property in a prime location. Call today for your private showing!
You may be able to put down less than the total down payment amount of $350,861 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: #t3538714