1311 Mandarin Ln, Fruitland Park, FL 34731
3 beds · 2 baths · 2,135 sqft sqft
PRICE IMPROVEMENT!! JUST 1-MILE FROM THE VILLAGES!! Nestled in the picturesque community of Fruitland Park, this exceptional 3-bedroom, 2-bathroom custom home is a true gem, offering easy access to The Villages, with its array of restaurants, shopping, and entertainment options. As you approach this beautifully designed property, you’re welcomed by an elegant entry that opens into a spacious foyer. To your left, a formal dining room awaits your family gatherings, while to the right, a versatile den that can double as a third bedroom offers a perfect retreat or home office. The heart of this home is the gourmet kitchen, a cook’s dream featuring exquisite cherry cabinets, stainless steel appliances that include a natural gas stove and an elevated dishwasher for ease of access, a large pantry, built-in spice cabinets, and a wine cooler. Natural light floods the space through multiple solar tubes and a large window, creating a warm and inviting atmosphere. Adjacent to the kitchen, the generously sized laundry room offers ample space for crafts or hobbies, while the expansive 2.5-car garage includes a workshop area, ideal for any project. The inviting family room is perfect for entertaining with a cozy wood-burning fireplace. Two additional large closets behind the fireplace offers even more storage. From here, step out onto the large screened-in lanai, where you’ll find a relaxing hot tub and a stunning view of the meticulously landscaped backyard. This outdoor oasis includes a tiki hut, a tranquil pond stocked with large koi, and plenty of room to add a pool, making it a true tropical paradise. Retreat to the master suite, featuring a spacious 9x8 walk-in closet and a luxurious master bath complete with dual vanities, a spa tub, and a walk-in shower with multiple nozzles for an indulgent experience. Additional highlights of this home include Kohler plumbing fixtures, marble flooring in the master bath shower, tile flooring throughout with no transitions, and architectural shingles. This home also has a brand-new A/C unit installed in 2024. The backyard is fully fenced with a chain-link fence, and a separate utility shed that provides extra storage space. Located just a short drive from Leesburg and Lake Griffin, this property offers the perfect blend of peaceful living and convenience. Whether you enjoy fishing, boating, or simply relaxing at home, this custom-built residence has it all. Don’t miss your chance to own this incredible property! Call today to schedule your private showing!
Source: STELLAR #g5086643
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5086643
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: #g5086643
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.