Virtually Staged. Welcome to this beautifully maintained 4 bedroom, 2 bathroom home located in the highly desirable Leesburg, Florida area, offering the perfect blend of modern construction, open concept living, and move in ready convenience. Built in 2021, this newer construction home features a spacious split bedroom floor plan, stylish finishes, and functional living spaces designed for both everyday comfort and entertaining. Situated on an oversized corner lot, the property provides additional outdoor space, excellent curb appeal, and a welcoming residential setting close to shopping, dining, schools, parks, and major Central Florida roadways. From the moment you arrive, you’ll appreciate the large driveway, spacious 2 car garage, attractive front entry, and well maintained exterior. Inside, the bright and versatile layout offers a formal dining room or flex space that can easily function as a home office, sitting area, playroom, or additional living space depending on your lifestyle needs. The expansive open concept design creates seamless flow throughout the main living areas while allowing for abundant natural light. The oversized kitchen serves as the centerpiece of the home and features granite countertops, stainless steel appliances, extensive cabinetry, pantry storage, bar seating, and a spacious eat-in dining area overlooking the large family room. The open layout is ideal for entertaining guests, hosting gatherings, or enjoying comfortable everyday living. The spacious primary suite offers plenty of room for large furniture, including a king size bedroom set, and includes a private ensuite bathroom featuring dual vanities, a relaxing soaking tub, separate walk in shower, linen storage, and a large walk in closet. The split bedroom layout provides added privacy with three additional generously sized bedrooms and a full guest bathroom located on the opposite side of the home. Step outside and enjoy the screened rear porch complete with mounted TV setup, creating the perfect year round outdoor living and entertaining space. The backyard also features a custom paver fire pit area ideal for relaxing evenings, entertaining friends, or enjoying Florida outdoor living. Conveniently located near shopping centers, restaurants, schools, medical facilities, parks, and commuter routes, this move in ready Leesburg home offers modern upgrades, spacious living, outdoor entertainment space, and exceptional value. Whether you’re searching for a primary residence, family home, or newer construction property in Central Florida, this home checks all the boxes. (ROOF-2021)(A/C-2021)(W/H-2021)
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.
