Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
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20721 Auburn Leaf Trl, Land O Lakes, FL 34638

4 beds · 3 baths · 2,751 sqft

Under contract-accepting backup offers. **Assumable FHA Mortgage at 2.625%!** Welcome to your new dream home in Gated Lake Talia! With over 2,700 square feet this beautiful single-story, open floor plan, fully automated Smart Home features 4-bedrooms, 3-bathrooms, a separate den and office, large Florida Room, huge swimming pool and a 3-car garage. Enter the home into the foyer w/decorative tile entrance then step into the spacious formal living and dining rooms with 12’ ceilings, crown molding and sliders to the Florida Room. To your right is the oversized Master Bedroom w/crown molding, sliders to the Florida Room, bench seating area and separate his and hers closets. Stunning Master Bathroom features enormous vanity w/granite countertops and makeup area, dual sinks, garden jacuzzi tub, large shower stall and separate water closet w/2 windows for loads of natural light. Off the Master Suite is also a dedicated office with two entrances. From the formal living/dining rooms follow the flow of the home into the family room/kitchen area. The spacious family room features cherry hardwood floors, 12’ ceilings and double slider doors out to the Florida Room. The gorgeous kitchen features wood cabinets w/crown molding and granite countertops w/loads of counterspace, matching granite backsplash, long breakfast bar, stainless steel appliances, built-in desk and large walk-in pantry. There is also a breakfast nook great for everyday meals and a laundry room w/room for full-size washer/dryer and utility sink. The split floor plan finds bedrooms 2/3 and bathroom-2 on the left side of the home and in the rear of the home is bedroom-4 and bathroom-3 which also functions as the pool bath w/access outside to the pool deck. The rear of the home also features a separate den ideal for a second home office/study area/craft room it’s up to you. This home also features a large 21x16 Florida room w/real windows and screens for year-round enjoyment. Step outside to the home’s newest feature an enormous heated, salt-water swimming pool added in 2021. This amazing pool features a screened enclosure, pavered pool deck, sun shelf, LED lighting, water features, fully automated operating system and plenty of deck space for sunbathing. The entire backyard has a newer vinyl fence with plenty of room to roam. Sale also includes a HomeSeer home automation system which can control every device in the home ($5K value) which is fully transferrable to the new owners. Some of the homes additional features include; all lights have dimmer switches, new AC in 2018, solar water heater, front loader washer/dryer included, speaker system throughout the home, Ring doorbell, Nest Thermostat, pavered driveway, front walk and covered front porch, Rachio controlled irrigation system, custom landscaping and rain gutters. Gated Lake Talia is a secure, quiet community in a great location w/a community playground, pavilion, basketball court and lake w/fishing permitted and is near highly rated schools, shops, restaurants and an easy commute to Tampa and TIA. Lake Talia has no CDD and a low HOA.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
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Details
Home
Size
2,751 sqft
Lot size
0.23 acres
Year built
2008
Type
Single Family Residence

Source: STELLAR #t3543135

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Oct 08, 2024 12:02 am
Listing agent: Joseph Zani (727) 742-0811
Listing provided courtesy of: TAMPA BAY PREMIER REALTY (813) 968-8231
Details provided by STELLAR and may not match the public record.
MLS ID: #t3543135
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.