3105 Granite Ridge Loop, Land O Lakes, FL 34638
4 beds · 2 baths · 2,014 sqft sqft
Welcome to your slice of paradise! This charming 4-bedroom, 2-bathroom house is nestled in a gated community that offers the perfect blend of tranquility and convenience. As you step inside, you'll be greeted by an open floor plan that's perfect for both entertaining and everyday living. The main area of the home offers crown molding. Find Plantation Shutters through the home! The spacious kitchen boasting 42-inch wood cabinets, sleek granite counters, and top-of-the-line stainless steel appliances. Whip up your culinary creations in the open kitchen. The primary bedroom is a true retreat, featuring a sitting area for those quiet moments and a private ensuite bathroom. With a split bedroom floor plan, privacy is guaranteed for all. And for those who work from home, the fourth bedroom makes for an ideal office space. Step outside onto your private screened lanai, where you can sip your morning coffee while overlooking the fully fenced backyard. It's like having your own personal oasis, complete with lush landscaping. But wait, there's more! This community is packed with amenities that'll make you feel like you're on a permanent vacation. Take a dip in the community pool, attractive clubhouse, work on your fitness goals at the workout center, friendly playground area or cast a line at the private fishing dock. And for those who love a good stroll, the activity trails are perfect for burning off that extra slice of pie. With a new HVAC system (2019) and a brand-new roof, this home is ready for you to move in and start living your best life. Don't let this gem slip away - your dream home awaits!
Source: STELLAR #tb8316691
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8316691
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: #tb8316691
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.