2590 Lake Manor Dr, Land O Lakes, FL 34639
5 beds · 4 baths · 3,804 sqft
HIGH AND DRY- 2018 WATERFRONT POOL HOME WITH DOCK ON LAKE PADGETT! This absolutely breathtaking 5 bedroom, 4 bathroom home PLUS OFFICE/DEN and BONUS ROOM is located on an oversized (.52 acre) WATERFRONT LOT, within The Manors at Lake Padgett, an exclusive Gated Community, with only 8 homesites! Lake Padgett is a 180-acre lake suitable for skiing, fishing and boating! Step inside to the bright open floor plan boasting gorgeous features throughout including wide baseboards, neutral paint and ACACIA WOOD Floors in ALL of the main living areas! The Open concept living room includes a custom built-in 80" electric fireplace with a hand-crafted mantle and built in surround sound for entertaining or a cozy evening at home. The kitchen is a Chef's dream featuring an ELISE Induction Range, Custom Concrete and Glass Counter Tops, Stainless Steel Exhaust Hood, KITCHENAID Refrigerator, Solid Wood Cabinets, Glass and Ceramic Tiled Back Splash, Single Basin Granite Farm Sink, a walk in Pantry and a Huge Island. The oversized primary bedroom is located on the left side of the house with ensuite bath, double vanities and two walk in closets with built in shelving and private access to the lanai. The office/den is located just off of the primary bedroom. Three additional spacious bedrooms and two bathrooms are located on the opposite side of the home ALL ON THE FIRST FLOOR! The fourth oversized bedroom, walk-in closet and bath are located on the second floor adjacent to the Bonus Room/Loft area perfect for guests! The rear patio has Gas piped to the Patio with a Custom Built outdoor kitchen, built in Grill, Outdoor Sink, Range hood, mounted TV and Fridge. Have a refreshing swim in the Salt Water Pool and Spa or relax by the Fire Pit! The entire rear yard is fenced with anodized aluminum. The private Dock has a boat lift, running water, and power alongside a tandem floating Jet Ski Dock (dock is shared with one neighbor). The Community also includes a private boat trailer parking lot. This home is definitely a MUST SEE!
Source: STELLAR #t3534460
Source: STELLAR #t3534460
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: #t3534460
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.