3016 Lake Saxon Dr, Land O Lakes, FL 34639
3 beds · 3 baths · 1,952 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seize the opportunity to assume a low mortgage interest rate of 2.8% with this VA Assumable Mortgage Loan! Enjoy the luxury of lakeside living and access to horse stables maintained exclusively for you and your neighbors. A rare blend of lakes and equestrian amenities, this is a world where dreams do become reality! Immerse yourself in the charm of this GOLF CART FRIENDLY community, where you can explore the tranquility and amenities of Lake Padgett Estates or simply relish breathtaking sunsets right from the comfort of your front window. With 3 bedrooms and 3 bathrooms, this split floor plan blends form and function, promising privacy, comfort, and convenience for every member of the household. Escape to the master bedroom's bonus room, a haven for relaxation. Whether you're crafting a home office, a yoga studio, or simply a tranquil reading nook, this space is your canvas to paint with creativity. Celebrate life's special moments with your loved ones in your expansive fenced in backyard complete with a double gate. Park your boat with ease after a leisurely cruise around Lake Padgett, or effortlessly accommodate your RV, fueling your sense of adventure. Call today to arrange your private showing. Lake Padgett Estates isn't just a community, it's a lifestyle. Seller pays for title and selects Cloud Title.
Source: STELLAR #u8210205
Source: STELLAR #u8210205
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.