21024 Ski Way Land O Lakes, FL 34638
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About this home
Gated Community of Lake Thomas Pointe. Experience modern elegance in this stunning contemporary home built by Bering Homes, featuring the popular Key Largo floorplan. Built in 2021 with 2,558 square feet of stylish living space, this residence offers 4 spacious bedrooms, 3 beautifully designed bathrooms, and a versatile office or den plus a flex space/room. The open-concept layout flows seamlessly to a 30x13 covered lanai that overlooks a massive backyard—perfect for outdoor entertaining or adding a pool. A 3-car garage provides ample storage and convenience, complementing the home’s sleek, sophisticated design and exceptional craftsmanship. 10'Ceilings, Ceramic Tile Plank Flooring thru-out with carpet in the bedrooms, Driveway has brick pavers and front porch offers a beautiful glass door to enhance the homes elegance and light. The Community Boardwalk and Dock give scenic views of Lake Thomas. Easy access to Highway 41, Sanders Elementary Magnet School, Land O Lakes Christian School and minutes to Heritage Park were Festivals and Events are held. No CDD Fees, Low HOA $405 Quarterly.
Source: STELLAR #TB8440272
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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.