10540 Emerald Ave, Leesburg, FL 34788
3 beds · 2 baths · 1,762 sqft
As you drive up to the front of this home you will be greeted by a stately live oak that nestled beneath is a hammock. Imagine the tranquil afternoons relaxing in a hammock under the tree with wonderful cool breezes off the pond just across from you, providing a beautiful view. Next you will walk up to the large open deck on the front of home which offers plenty of room to have a table and chairs to sit and enjoy the pond view as well. You will love the open floor plan on this spacious home as you enter to a large Great room that is very welcoming and features a Beautiful gas fireplace for the cooler evenings. Formal dining room for entertaining family and friends. Large Kitchen with island, breakfast bar and pantry. Plenty of counter space and cabinets. Split bedroom floor plan. Master bedroom is a great size with a huge walk in closet and master bath. Master bath features Garden tub and walk in shower plus double vanity/sinks. Bedroom 2 and 3 have nice size closets as well. Hall bath w/ tub & shower. features skylight for lots of natural light. Additionally, you will enjoy the covered & screened back Porch, which includes a hot tub, that is not warranted by the sellers as they never used it. Also just outside is a lovely open deck for grilling or chilling after those long days. In the rear of property you will find a 34 x 66 Livestock barn with water and on the other side of the property there is a 24 x 28 Garage/workshop, also with water. The area around the home is landscaped and has a variety of beautiful trees and plants including plum, peach, loquat, olive, fig, mulberry, Surinam cherry, citrus, pomegranate and guava trees along with jelly palms and apple cactus. There are approximately 7 acres of the property that is pastured, fenced/cross fenced with gates providing for 5-6 pastures. Approximately 2-3 acres are the pond. So if you have cows, horses or just looking for some beautiful acreage with a lovely home then look no further this might just be the one!
Source: STELLAR #o6244696
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6244696
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6244696
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.