2504 High Oaks Ln, Lutz, FL 33559
4 beds · 3 baths · 2,364 sqft
ASSUME THIS VA LOAN WITH 3.99 INTEREST RATE AT ROAM AND SAVE HUNDREDS MONTHLY. AVAILABLE TO VETERAN BUYERS ONLY. INQUIRE WITH THE LISTING AGENT FOR MORE DETAILS. This charming home can be yours and with a few upgrades has enormous potential. Reduced price reflects the improvements that can be made. This home has space indoors and with a sought after half an acre fenced in yard, it is perfect for a large family, small family or multigenerational family! The split floor plan and open rooms let you choose. The owner purchased the home two years ago and replaced the roof in 2022. The AC and water softener have been well maintained according to the owner. The electric is updated. The home has been recently painted inside and out. The septic and well were inspected 2 years ago and reports are available. The sprinkler was never used and is not in working condition. The windows and sliding doors are original. Also note the fences in the back yard are owned by the neighbors. The owner owns the two fences on either side of the home facing the street. The sliding doors and windows are original. There is a beautiful stone-faced wood burning fireplace in the living room and with the high ceilings, it makes for stunning holiday events! The large screened in rear porch has a pass-through window to the kitchen with seating for two and a working sink. The back yard is huge, fenced in and has a fire pit for cooler evenings and an open deck for grilling. The oversized 2 car garage has a workstation with additional electric and lighting and it's Air-Conditioned! The side fence opens to a concrete pad for a boat, RV or any of your cars or trucks. There is also a shed attached to the home for yard tools, bikes or anything else you can think of. This lovely neighborhood is lined with mature trees and lush landscaping. The schools from Elementary to High School all have a GreatSchools Rating which is a big plus for parents raising a family! It's approximately 15 minutes to Tampa City and 25 minutes to Tampa International Airport. Please refer to the Sellers Property Disclosure for more information. Contact your Agent for a showing.
Source: STELLAR #u8248080
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8248080
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: #u8248080
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.