2211 Orkney Dr, Leesburg, FL 34788
2 beds · 2 baths · 1,376 sqft
HURRY STOP THE CAR! Yep, you found it…probably one of the most beautiful yards in all of Scottish Highlands! A great 55+ community with so many amenities including; outdoor pool, 25 meter indoor pool, hot tub, tennis courts, pickle ball courts, shuffleboard, a fitness center, clubhouse and recreation center, and a separate place to park your trailer, boat or RV. Home is a 2 bedroom, 2 bath with all laminate and tile (no carpet anywhere). New roof in 2020, new hot water heater in 2022 and new dishwasher in 2024. There are two porches; a large front screened entrance and a freshly painted enclosed back porch with screens and windows for year round enjoyment. Home has double-hung widows that tilt inward for easy window maintenance. This feature lets you take care of your windows from right inside your home! Gutters with leaf guard also add to ease of care. Garage has a side entrance door to keep the mess from outside where it belongs. One of the best features of the property is a well for the metered sprinkling system that keeps that water bill at a minimum. Low monthly HOA fee is $200 and includes cable, internet and sewer as well as all the great amenities. Natural gas for stove, hot water heater and your dryer save lots of money on those pesky electric bills. Sellers are offering an indoor paint allowance with an accepted contract. This is such a peaceful and well kept neighborhood that makes outdoor walks a pleasure. Spend mornings on the bench under your big shade tree and sip your coffee, write that novel or just simply enjoy the beauty of Florida all around you. You couldn’t ask for a better place to call home!
Source: STELLAR #g5090407
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5090407
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: #g5090407
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.