21422 Draycott Way, Land O Lakes, FL 34637
5 beds · 3 baths · 2,989 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome from the beautiful, fast-growing sought-after town of LAND O LAKES FL in the suburbs of Tampa. Welcome Home to the Wonderful WILDERNESS LAKE PRESERVE Community! Wilderness Lake Preserve is a unique themed RESORT STLYE COMMUNITY offering a Lodge Style LAKESIDE CLUBHOUSE. It even has a fishing dock with kayaks and canoes available for residents. Amenities include a Lagoon Pool, Heated Spa, and an OLYMPIC SIZED HEATED LAP POOL. Other amenities include a FITNESS CENTER with locker rooms and SAUNAS, Pickleball Courts, Basketball and Tennis Courts. There are several parks and playgrounds in the Community. There's even a MOVIE THEATRE and library. Tucked away and a short walk to all the amenities of Wilderness Lake in the exclusive GATED Lakewood Retreat on a CUL-DE-SAC is this magnificent 5BR/3BA/3CG 2963 SF POOL HOME. Built by Southern Crafted Homes on a HUGE CONSERVATION HOMESITE, this well-maintained gem offers class, comfort and functionality. Upon arrival lush landscaping, a brick paver driveway and classic porch columns offer a touch of elegance and enhance the curb appeal greet you. Grand Entry Foyer welcomes you with plenty of light through the LARGE WINDOWS and a Formal Living Room and Dining Room. The current owners are using the Living room as a Home Office. The classy kitchen features wood cabinetry, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, ISLAND, LARGE PANTRY and SPACIOUS BREAKFAST NOOK and BREAKFAST BAR. The Family Room features a TREY CEILING and TRIPLE SLIDERS to the OVERSIZED LANAI and the stunning 30x15, FULLY ENCLOSED SOLAR HEATED SALTWATER POOL! The pool is enhanced by three bubblers resting on a shelf which outflows into an 8-foot-wide WATERFALL CASCADING down a FIVE TIER STAIRCASE and 13 striking LED LIGHTING sconces. Travertine tile forms the boarder of the pool with an additional 1032 SF of CONCRETE PAVERS which form the remainder of the deck. The MASTER SUITE also features a TREY CEILING, LUXURY VINYL PLANK FLOORING, 2 WALK IN CLOSETS, HIS and HERS VANITIES and a GARDEN BATH with walk in showe. There are 3 more Bedrooms all with LUXURY VINYL PLANK FLOORING and 2 full baths on the opposite side of the MBR including a large BONUS ROOM with closet which can be used as another BR, exercise room, theatre room, Man cave or whatever else that suits you. The home has many Architectural and custom details. Additionally, there is an ASSUMABLE VA LOAN with a 2.25% INTEREST RATE! I invite you to come see for yourself the VALUE being offered here. Call anytime to schedule a private viewing!
Source: STELLAR #TB8371683
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8371683
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.