2820 Cordoba Ranch Blvd, Lutz, FL 33559
5 beds · 5 baths · 5,629 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 2820 Cordoba Ranch Boulevard in Lutz, FL! Built in 2022, this fantastic home sits on a spacious corner lot with over half an acre of land. With 5 bedrooms and 4.5 bathrooms across 5,621 square feet, there's plenty of space to enjoy and make your own. Inside, you'll find a welcoming foyer leading to a formal dining room, perfect for gatherings. The chef's kitchen is a highlight, featuring an island, electric stove, and oven, and it opens up to the main living area for easy entertaining. High ceilings and stone floors add elegance, while carpeted bedrooms offer a cozy touch. The home boasts a media/recreation room, complete with a projector and screen for the ultimate movie night experience. Step outside to the back yard, where you can relax on the patio or unwind on the balcony and private terrace, both with convenient retractable shades. Everything in this home is modern and efficient, with the roof, air conditioning, appliances, and water heater all being just 3 years old. Located in a sought-after gated community, enjoy access to a communal pool and the added security of a gated entrance. This home perfectly blends comfort and style in a wonderful setting.
Source: STELLAR #TB8366308
Source: STELLAR #TB8366308
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.