10427 Lucaya Dr Tampa, FL 33647
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About this home
ASSUMABLE loan 3.75% WITH APPROVAL! What a GREAT rate for this Beautifully Maintained 2 story home ON THE POND in the Gated Community of Heritage Isles! Nestled on an Oversized lot on a quiet Cul de sac street this Light, Bright, open home offers a spacious and functional layout and welcomes you with New Saint Augustine SOD lawn, new Smart sprinkler system with 6 zones and Concrete curbing to set off the Landscaping. Enter this GRAND home with Arched entry onto GLEAMING floors in the Foyer and Formal Living and Dining rooms for Easy Entertaining. Spacious Kitchen features Wood cabinets, Granite counters and stone backsplash with eat in dinette area OPEN to family room for comfortable living! Sliding doors to Covered screened back lanai provides the perfect place to relax or BBQ, overlooking fenced backyard with Serene Pond views beyond! Downstairs inside laundry room features window, utility sink and loads of storage. Stained wood treads set off the white staircase to the upstairs loft which leads to 4 bedrooms and 3 full baths. Secondary bedrooms are spacious with ample closets and are on the opposite side of the Owners retreat which is Oversized with a FLEX SPACE area that could be used as a fitness/exercise area, home office, sewing, craft room or den! Bath ensuite boasts LARGE closet with window, dual sinks, soaking tub plus separate shower. Other features to mention are the 2019 Water Heater, 2019 American Standard 5 ton AC, upgraded lighting, ceiling fans, mirrors, tamper proof electric outlets, oil rubbed bronze levers and hinges throughout home, storage racks in the garage and FENCED BACKYARD with Fire Pit overlooking the POND! Superb location in New Tampa with easy access to all shopping, restaurants, medical facilities and major highways for easy commute to Tampa, Orlando, Wesley Chapel, Ocala, Airports and the Beaches! Don’t miss your chance to own this exceptional home with an assumable low-rate mortgage... CALL TODAY!
Source: STELLAR #TB8407849
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.