1950 Lake Waters Pl, Lutz, FL 33558
3 beds · 3 baths · 1,853 sqft
Welcome HOME!!! This impeccably maintained 3-bedroom, 2.5-bathroom townhome with a 1-car garage and extended driveway, located in the beautiful Long Lake Ranch community with a lot of potential for the whole family. This modern home was designed with functionality, comfort, and style in mind; it is an open-concept floor plan that is still in brand new condition. We all know that the kitchen is the heart of every home and this stunning kitchen offers a boasting 42-inch cabinetry, sleek QUARTZ countertops, a spacious island, tile flooring, and an expansive walk-in pantry—perfect for everyday living and extra storage, there is also extra storage cabinetry added by the owners. The main living area is warm and inviting, bathed in natural light from large windows and sliding doors that create a bright, airy atmosphere. Step outside to the lanai and enjoy serene backyard views—ideal for morning coffee, evening relaxation, or casual gatherings. Upstairs, you will find three generously sized bedrooms, including a luxurious primary suite featuring a contemporary primary bathroom that offers dual GRANITE vanities and a walk-in shower. The secondary bedrooms provide versatile space, ideal for guests, a home office, or a personal gym. Throughout the second floor the owners replaced all flooring with excellent quality laminate flooring which adds a lot of freshness and not to mention it is much easier to clean and maintain. As a resident of this townhome, you will enjoy exclusive access to a private community pool in addition to Long Lake Ranch’s premier amenities—resort-style pool, park, tennis courts, and scenic lakeside trails. Ideally situated just off SR 54, with quick access to the Suncoast Parkway, US-41, and I-75, this location offers convenience to top-rated schools, shopping, dining, and entertainment. This townhome is conveniently located around 20 minutes away from Tampa international airport. After all being said we are so excited for you to call this gem a home sweet home. Please make your appointment to see this townhome for yourself. Listing agent is the owner of the property.
Source: STELLAR #TB8367005
Financials
Source: Public records
Source: STELLAR #TB8367005
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.