212 Crestrun Loop, Leesburg, FL 34748
4 beds · 4 baths · 3,978 sqft
Welcome to this peaceful Mediterranean lifestyle. From beautiful craftmanship to tailored details, this gorgeous two-story home located at Crestridge at Leesburg, will leave you speechless. This lovely home was originally the model home for the community, so it’s full of lovely upgrades throughout. The lush green well-manicured lawn is your invitation into prestige and elegance. This 4 bedroom, 3.5 bath beauty opens up to an exquisite foyer that gives you access to a lovely formal living and dining area that’s perfect for entertaining friends, family and guests. This area has 4 built-in pillars that bring such character to the room. A special builder’s touch is a custom built-in wine space for the wine connoisseur, that reeks of luxury. This leads you into the elegant kitchen featuring a walk-in pantry, granite counter tops, stainless steel appliances, and a separate breakfast nook area. The spacious family room is designed perfectly for formal and informal gatherings with a superb fireplace. The spacious laundry room has a washer, dryer sink and an abundance of cabinets and storage. The master bedroom with wood floors has its own balcony for evening relaxation. The master bath has a spa tub, granite counter tops, separate shower and a large walk-in closet with custom finishings. Another builder’s special is the built-in lovely, mirrored jewelry storage wall unit. There is a jack and jill bathroom that is accessible from two different bedrooms. Another spacious bedroom with great closet space that down the hall from a bonus room that could be used as an office or study that also has access to a small area of the outside balcony. Another great feature is the air-conditioned garage that could be used as a private man-cave or lady’s space. This home boasts of so many special features that it's hard to list them all. The community is not far from downtown Leesburg and Via Port where there is food, shopping and entertainment in both directions. The pride in ownership and the quality of the workmanship is something to be admired. Don’t miss the opportunity to schedule a showing today. The seller is offering $10,000 in concessions for full priced offers. Many of the furniture items can be sold with the home, on full priced offers.
Source: STELLAR #O6248940
Financials
Source: STELLAR #O6248940
Source: Public records
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%. 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.
Other resourcesWhat 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.
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