19617 Sunset Bay Dr, Land O Lakes, FL 34638
4 beds · 3 baths · 2,350 sqft
PRICE REDUCED! In addition, motivated Sellers are offering $5000 in FLEX CREDIT at closing! Situated in the idyllic Land O Lakes gated community of LAKESHORE RANCH, this light, bright, well maintained 4 Bedroom 2.5 bath home with heated pool and oversized lanai sits on a cul-de-sac and overlooks a gorgeous conservation area with mature landscaping and tranquil pond out back. Built in 2009, step inside to a spacious, open concept floor plan, great for family gatherings. Complete with many extras and upgrades both indoors and out, this home is warm, inviting and ready for your personal touch! The Primary Suite on the main floor features direct lanai/pool access as well as a garden jetted tub, dual sinks and walk-in closet. High end porcelain tiles and graceful arches define the formal living room and dining area while hardwood floors lead to three bedrooms with a bonus area upstairs. The modern kitchen overlooks the family room and features a natural gas stove, granite counters, marbled breakfast bar and a nook with a custom Bay window overlooking the Lanai. Out back, you'll find an extra-large, 6-foot-deep pool with beautiful water features and the option to add more. The surrounding area is enhanced with upgraded pavers and extended soffits, creating the perfect space for seamless indoor-outdoor living. Out front, take in neighborhood from the comfort of the protected porch area. The attached two car garage includes a privacy screen and ample storage. This sought after community offers MANY amenities and recreational facilities w/ 24-hour fitness center, playground, three pools (one w/ heat), tennis courts, dog park, community dock and 260 acres of conservation area! With sidewalks and on site security, it's great for families/ those who enjoy an active lifestyle. Located near top-rated schools, this home is just a little over 30 minutes to the airport, and is only 30 minutes to the nearest beach/ Gulf of Mexico! Conveniently located with lots of parks, shopping and first rate hospitals nearby, this home offers the best of all worlds. Don't miss the opportunity to view this incredible home and see/ experience the best in Florida living!
Source: STELLAR #OM688011
Financials
Source: Public records
Source: STELLAR #OM688011
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.