1104 Paradise Dr, Lady Lake, FL 32159
2 beds · 2 baths · 1,576 sqft sqft
Over $60,000 in upgrades in just the last 2-3 years on this BOND PAID, Spacious, Site Built Home in The Villages on .20 acre lot in the Village of Country Club. This 1576 heated square foot home has 2 bedrooms, 2 baths, Oversized 1 car garage (21x20 - which is bigger than most 2 car garages), an enclosed Florida room plus an enclosed lanai! It features New soft toned Luxury Vinyl Plank flooring throughout except for carpeting in the bedrooms, New whole house water softening system, high ceilings, ceiling fans and an alarm system. BONUS - New Roof - 2023, New HVAC - 2021 and Newer HWH - 2019, New Double Pane Windows - 2023, all providing peace of mind for many years to come. The large kitchen boasts a New sink and Disposal, plenty of cabinetry, a cook top, wall oven and an eating area wrapped in large windows providing plenty of light. The living room is quite spacious (14.6x25) as is the enclosed Florida room (9x15.2). The large master bedroom (17x14.8) includes a walk-in closet, and the en-suite is equipped with a soaker tub, double sinks and a walk-in shower. Both bathrooms have new toilets and the guest bathroom offers a shower/tub combo. There is also a built-in desk in a room off of the hallway with cabinets and an extra closet for storage. This home is so spacious and has such a nice flow to it. It is located minutes away from Spanish Springs Town Square, offering nightly entertainment, many restaurants and quaint shops. Department stores, grocery stores, hospitals, banks and medical offices are also only minutes away. Let’s not forget the hundreds of clubs available to join in The Villages and amenities such as Golf, pickleball, tennis, softball, shuffleboard, bocce ball, pools and so much more. Call for your private showing today.
Source: STELLAR #g5083894
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5083894
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: #g5083894
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.