19498 Leonard Rd, Lutz, FL 33558
5 beds · 5 baths · 3,761 sqft sqft
PRICE IMPROVEMENT! Beautifully crafted 5 bedrooms+office 5 bathroom home with premium fenced lot is located in the highly desired Reserves in Long Lake Ranch community. Exterior stone accent, glass door entrance and paver driveway welcomes you into the gorgeous foyer with soaring ceiling and luxury tiled plank flooring that flows throughout the entire home. The gourmet island kitchen with exceptional finishes includes: GE Café stainless appliances,45-inch custom wood cabinetry with crown molding,5x5 butler pantry, sleek granite counter tops, gas cook top, double ovens, stylish tiled backsplash, dual stainless sinks and a charming dining area with Plantation shutters. There is a farm door entrance into the spacious utility room with custom cabinets and wash sink. Expansive family room offers sliders to wrap around screened lanai that is pre plumbed for outdoor gas grilling. This Sonoma II model features not only an open floor plan but also DUAL EN-SUITE PRIMARY BEDROOMS accommodating multi-generational families. Elegant wood staircase with iron railing leads you to the second-floor primary bedroom featuring: double doors, tray ceiling, granite dual vanities, soaker garden tub and walk in glassed shower with designer tiling. The versatile 18x19 loft with wet bar pre plumbing is accessible to all 3 spacious secondary bedrooms. This home is equipped with hurricane shutters and a generator junction box. All this and exceptional amenities including clubhouse, tennis courts, swimming pool and scenic walking trails!
Source: STELLAR #tb8312722
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8312722
Source: Public records
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: #tb8312722
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.