CANAL-FRONT BEAUTY WITH BOATHOUSE, DETACHED 30 x 40 foot GARAGE/SHOP AND ACCESS TO THE HARRIS CHAIN OF LAKES - BRING ALL YOUR TOYS! Welcome to this beautifully renovated 3-bedroom, 3-bathroom canal-front home nestled in the peaceful Picciola Highland Estates of Fruitland Park, which is just a short drive to the Villages shopping, entertainment, and medical facilities. Set on a sprawling 1.27 acres with 265 feet of water frontage and no rear neighbors, this property provides privacy, space, and direct access to the Harris Chain of Lakes-a navigable system of five interconnected lakes including Lake Griffin, Lake Eustis, Lake Harris, and Lake Dora- Go out for sunset boating, fishing, and recreation. This 2,415 square foot concrete block and stucco home features a split open floor plan with a separate living room and family room for entertaining guests and relaxing. The living room and kitchen boasts an all shiplap ceiling for a crisp, coastal inspired look. Skylights bring in more natural light in the kitchen, bar area, and master bathroom. In the kitchen you will find soft-close wood cabinetry, quartz countertops, an 11-foot center island with an oven and range-hood, a farmhouse sink, and stainless steel appliances. Next to the kitchen, you will find two places for dining, and a lovely built-in bar area with additional cabinetry and a wine refrigerator for meals, morning coffee, or evening cocktails. Enter the family room where you will find tall ceilings with beautiful tongue and groove wood work, wood beams, a stone wood burning fireplace, and two 12-blade wind-mill fans with Alexa voice control. The primary suite is a true retreat, boasting tall ceilings and a warm, cabin-like ambiance that continues into the spa-style primary bath. Enjoy the beautiful wooden beams, dual paddle fans, and an electric fireplace all with tranquil canal views from your window. You'll love the his-and-her closets, each outfitted with built-in organizers for maximum storage and style. Each bedroom has ample square footage, porcelain tile, and built-in closet organizers. The commercial grade porcelain tile is in all main areas. Step into the oversized glass-enclosed screened lanai overlooking the park-like backyard with beautiful mature trees, for entertaining or relaxing in nature. Step outside the lanai, where you'll find a large concrete deck ready for your barbeque grill, lawn chairs, and party lights. In the backyard, enjoy nature and peaceful waterfront living at its best. The property also includes a massive 30x40 detached garage/shop with custom shelving and a workbench - for hobbyists, car collectors, or RV owners. With its extra-tall clearance and 6-inch thick concrete, it easily accommodates boats, car lifts, or large campers and boats. The boat house provides extra storage for your boating supplies, canoes, kayaks, etc. The dock needs new decking and is ready for your personal touch-ready for customizing to fit your boat or waterfront lifestyle. The oversized 2-car garage (25x24) also provides extra storage, including the attic which has pull-down stairs. Other: Roof 2022, Two HVAC 2016 and 2018, and Water Heater 2013, Water Softener 2020, Water Pressure Tank 2025, Irrigation Pump 2025
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.
