641 Bay Lake Trl, Oldsmar, FL 34677
3 beds · 2 baths · 1,250 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. Pool home with a lake view that did not flood nestled between the bustling metropolitan charm of Tampa and the world-renowned sugar-white sand beaches of the Gulf Coast, Oldsmar offers the perfect blend of convenience and tranquility. Each time you enter the neighborhood along Shore Dr., you're greeted by a peaceful view of Tampa Bay, setting the tone for what’s to come. This meticulously cared-for home showcases exceptional craftsmanship and thoughtful details throughout. The kitchen, undoubtedly the heart of this home, is a true standout. The custom Brazilian Cherry cabinets were locally crafted by a skilled artisan with a lifetime of experience, and they’re a one-of-a-kind feature you won’t find at your local home supply store. The lower cabinets are equipped with pull-out shelves, offering added convenience and ensuring you can easily access every item. The kitchen flows seamlessly into the living area, providing not only beauty but also functional storage and workspace. Stainless steel appliances and elegant stone countertops further elevate the space, completing the look of this stunning, open-concept kitchen. Adjacent to the kitchen is a thoughtfully designed laundry room, conveniently located between the kitchen and garage. It features space for a stackable washer and dryer, along with a pull-down cabinet and hampers to keep everything neatly organized. Quality craftsmanship and luxurious materials flow throughout the home, including Brazilian Cherry wood, marble, travertine, and porcelain, creating a refined yet welcoming atmosphere. Step outside to find your own private sanctuary. The screened-in pool surrounded by lush tropical foliage overlooks a serene lake, creating the perfect space to relax or entertain. Whether you’re unwinding with a book or hosting a summer gathering, this backyard offers the ultimate in outdoor living. Seeing is believing—the photos simply can’t capture the full beauty of this exceptional property. Living in this golf-cart-friendly community means you’re just steps away from a variety of recreational amenities, including a public boat ramp, kayak launches, fishing piers, parks, playgrounds, and scenic trails. You’ll be in close proximity to multiple parks and just half a mile from Oldsmar Trail, which spans over 10 miles and connects to 10 major parks in the area—perfect for biking, jogging, or walking. This home is conveniently located near a variety of shopping and restaurant options. Just four miles down the road is Shaker & Peel, recently ranked among the Top 100 Places to Eat in the United States by Yelp in 2024. Within 13 miles of two International airports offering quick access to air travel for work or leisure, adding another layer of convenience to its already incredible location. Key Features & Updates: Interior of home professionally painted in 2023, Pool was updated with new marcite and pool pump four years ago. This home offers the perfect combination of luxury, convenience, and lifestyle. Don’t miss the opportunity to make it yours!
Source: STELLAR #TB8357831
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8357831
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.
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.
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 of Equal Opportunity Act.