5164 Lakewood Dr Dade City, FL 33523
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About this home
Welcome to this charming 3-bedroom, 2-bathroom home situated on a SPACIOUS 0.76-ACRE LOT in beautiful Dade City. From the moment you arrive, the home's inviting curb appeal draws you in. Step through the front door into a cozy living room centered around a warm fireplace, creating the perfect space to relax or gather with loved ones. The living area flows seamlessly into the updated kitchen, which features brand-new cabinets, elegant stone countertops, and stainless steel appliances. Just beyond the kitchen is a bright and airy dining area, ideal for enjoying your favorite meals. Adjacent to the dining area is a large walk-in pantry, offering plenty of storage and convenience. The home’s layout offers a great balance of space and privacy. One side of the home includes a spacious, naturally lit bedroom that makes for a comfortable guest room or home office. On the opposite side, you'll find a trendy guest bathroom, a second generously sized guest bedroom, and the primary bedroom with its own sleek ensuite bathroom. The attached two-car garage includes washer and dryer hookups, adding ease and functionality to your daily routine. Step outside to enjoy the expansive backyard, where a deck provides the perfect setting for grilling out or relaxing with a seating area. The outdoor space also features a large carport and a large shed, offering ample room for storage, hobbies, or even a workshop. Recent upgrades bring peace of mind, including a full home rewire completed this year, a 2021 roof, a 2022 HVAC system, and a new water heater installed in 2025. Located near popular local attractions like Giraffe Ranch, Historic Downtown Dade City, and Old McMicky’s Farm, and close to a variety of great restaurants, this home offers the perfect mix of quiet country living and convenient access to fun and essentials. Don’t miss your opportunity to make this well-maintained and move-in ready home your own.
Source: STELLAR #TB8437218
Neighborhood
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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.