2522 Laurelwood Ln, Valrico, FL 33596
5 beds · 3 baths · 2,416 sqft sqft
Location, Location, Location! Welcome home to this beautiful 5-bed, 3-bath residence in the beautiful Oakwood Ravine community. Situated in a quiet, friendly, and well-established neighborhood, this home is perfect for raising families. As you step inside, you'll be greeted by updated flooring and an abundance of natural light, creating a warm and inviting atmosphere. The heart of the home is the recently updated kitchen, featuring granite countertops, sleek stainless appliances, stylish tile backsplash, and dual sink that overlooks the backyard. The formal living and dining rooms, at the front of the home, provide an elegant space for entertaining guests. Gather in the spacious family room, complete with sliders to the backyard, wet bar, and cozy wood-burning fireplace - the ideal setting for making cherished family memories. Just off the family room, you will discover a conveniently located renovated full bathroom. In addition, two main-level bedrooms offers versatility for multi-generational living. Upstairs, the primary suite and en-suite bathroom with a walk-in shower provide a private sanctuary. Step out onto the balcony and enjoy serene backyard views, a perfect spot to relax and unwind. Two additional bedrooms with ample closet space share a full bathroom. Discover the versatility of the Florida room, offering endless possibilities as a home office, lively playroom, or a serene personal retreat. This bonus area adds valuable flexible living space to your home. Step outside to the expansive backyard, where you'll find a large shed complete with electricity, fire pit and an abundance of wildlife - a blank canvas waiting for your dream pool or outdoor oasis. Nestled just minutes from Valrico, Bloomingdale, and Lithia, and with easy access to I-4 & I-75, this home offers convenient commuting to Tampa, Orlando, and beyond. Nearby shopping, dining, and entertainment options provide endless possibilities. Don't miss your chance to own this beautifully maintained home in the desirable Oakwood Ravine community - where the lifestyle is unmatched, and the possibilities are endless. View this home virtually with this link: my.matterport.com/show/?m=Q5Emgu2fqrC&mls=1
Source: STELLAR #tb8306128
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8306128
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: #tb8306128
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.