Welcome to your next chapter in the heart of Leesburg—where style, comfort, and community come together in this beautifully remodeled three-bedroom, two-bathroom home. Tucked along a charming street, this property offers the kind of inviting neighborhood atmosphere where friendly waves and a true sense of connection come naturally. Step inside and you'll immediately notice the open floor plan, soaring high ceilings, and an abundance of natural light that fills every corner. The completely remodeled kitchen is a showstopper, featuring new cabinetry, granite countertops, under-cabinet lighting, stainless steel appliances, and a breakfast bar perfect for morning coffee or casual entertaining. The spacious living area flows seamlessly to a screened-in porch through an oversized sliding door, blurring the line between indoor and outdoor living. Fresh interior paint, tile wood flooring, and updated bathrooms with Allen + Roth vanities showcase the meticulous attention to quality throughout. Every detail has been thoughtfully upgraded, including all-new windows and sliding glass doors installed in 2021, ensuring energy efficiency and peace of mind for years to come. The outdoor space is a truly a Florida dream come true. With a generous double lot spanning nearly a third of an acre providing extraordinary room for entertaining, gardening, or simply soaking up the glorious Florida sunshine, you have ample space to do all of your favorite outdoor activities. New vinyl fencing offers privacy, while artificial grass means weekends are for relaxing, not mowing. A powered storage shed and a powered screen roll-down over the garage door add practical touches that elevate everyday living. Well-sized bedrooms round out this exceptional home, offering comfort and flexibility for family, guests, or a home office. With thoughtful upgrades, generous outdoor space, and undeniable charm, this is a property you won’t want to miss—schedule your private showing today and experience it for yourself.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
