3243 Ashmonte Dr, Land O Lakes, FL 34638
5 beds · 3 baths · 3,760 sqft
One or more photo(s) has been virtually staged. Experience the best of both worlds in this beautiful Mercedes Homes Paradise Cove model. Nestled within the gated community of Ashmonte in Oakstead, this 5-bedroom, 3-bath home offers nearly 3,800 sq ft of luxurious living space. The enormous Dining Room can be split into a Front Room / Dining Room Combo and features Marble Floors. The gourmet kitchen features stainless steel appliances, granite countertops, and a walk-in pantry. A Large Living Room, Guest Bedroom, Full Bath on the first floor. Upstairs includes a grand master suite with wood floors, a raised sitting area and Two Walk-In Closets, a Walk-In Linen Closet and Bathroom with Dual Sinks, Soaking Tub and Walk-In Shower. 3 Additional Bedrooms, another Full Bath and a Massive 15 x 23 Bonus/Game Room are located on the second Floor. French Doors from the Master Bedroom and Bonus Room lead to the 10 x 48 foot Balcony overlooking the gorgeous Pool and Spa that backs up to a serene pond with preserve behind it. This home is also equipped with a Whole House Automatic Stand by Generator that will run everything should the power fail. Both A/C Units were replaced in 2015 and 2016 with 15 Seer 5 ton Trane Units and all of the windows in the home have been tinted. Roof was replaced in 2024 along with the hot-water heater. Oakstead is a Family Friendly active community with a beautiful Clubhouse, Pool and lots of activities ideally located along State Road 54 just minutes from the Suncoast/Veterans Expressway, US41, and Interstate 75 - 30 minutes from Tampa Airport
Source: STELLAR #TB8328225
Source: STELLAR #TB8328225
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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 of Equal Opportunity Act.