405 1st Ave SE Lutz, FL 33549
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About this home
Discover a sense of calm and connection at this beautifully maintained 3-bedroom, 2-bath single-family home offering 2,120 sq ft of living space on nearly a third of an acre in the heart of Lutz, Florida. Tucked away on a quiet street with no HOA and no CDD, this home feels worlds away from the bustle — yet moments from every modern convenience. Step inside to an inviting open layout filled with natural light and no carpet throughout, blending comfort and functionality. The renovated kitchen features granite countertops, a stylish glass tile backsplash, stainless steel appliances, and dark wood cabinetry — creating a perfect balance of warmth and sophistication. The spacious primary suite offers a relaxing retreat with a custom walk-in closet and built-in storage, while updated systems — including a 10 yr old roof, new 2025 septic drain field, 2025 water heater, new water softener, generator hookup and most windows hurricane rated — deliver everyday peace of mind. Outside, your private backyard oasis awaits. Lounge under the vine-covered pergola beside a custom concrete-top fire table, or host gatherings on the expansive entertaining deck complete with covered bar area and ambient lighting. The lush, tropical landscape surrounds you with fruit-bearing plants like bananas, avocado, passion fruit, and monstera, creating a sense of calm that feels like your own private garden retreat. All this tranquility comes without compromise — just minutes from U.S. 41, I-275, shopping, dining, and top-rated schools, making it easy to enjoy both peaceful living and modern convenience.
Source: STELLAR #TB8442730
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.