27127 STONEY BROOK DR, Leesburg, FL 34748
AS YOU ENTER YOUR HOME, STUNNING VIEWS FROM YOUR LIVING ROOM OF YOUR SOLAR HEATED SALT WATER POOL AND CONSERVATION AREA, WHAT YOU'VE WORKED YOUR WHOLE LIFE FOR IS WAITING FOR YOU IN SUNNY FLORIDA SURROUNDED BY OVER 75,000 ACRES OF CHAIN OF LAKES IN LAKE COUNTY. THIS IS THE LARGE BEAUTIFUL DREAM HOME SHOWCASED ON A PREMIUM LOT YOU HAVE BEEN WAITING FOR AND WHERE YOU WILL SPEND ALL YOUR FREE TIME!!! ENJOY EVENING SUNSETS RELAXING WITH YOUR FAVORITE BEVERAGE! YOU WILL LOVE THIS GORGEOUS SPLIT FLOOR PLAN 3-BEDROOM, 2-BATH HOME WITH WITH HIGH CEILINGS, PLANTATION SHUTTERS, WATER SOFTENER AND TANKLESS WATER HEATER. LARGE LIVING AREAS IDEAL FOR ENTERTAINING, A BEAUTIFUL KITCHEN WITH GRANITE COUNTERTOPS, ISLAND BAR AND WOOD CABINETS. SUPERIOR PRIVACY VIA YOUR FULLY SCREENED EXTENDED PATIO AND LANAI OVERLOOKING A BIRD SANCTUARY CONSERVATION AREA AND WALKING TRAIL. THIS IS THE "NATURE COMMUNITY" A GOLF CART PRISTINE COMMUNITY WITH OVER 4 MILES OF TRAILS. ENJOY TOURING THE GREENSPACE OF LEGACY WITH PLENTY OF OUTSIDE ACTIVITIES SUCH AS PICKLEBALL, SOFTBALL, SHUFFLEBOARD, TENNIS, BOCCE AND WATER AEROBICS; WATER LIVING HERE IS WONDERFUL! INSIDE ACTIVITIES INCLUDE DANCE CLASSES, ZUMBA, LEGACY CHORALE, BOGGY BEARS, THEATER AND CHORUS, BILLIARDS, CARD CLUBS AND A LARGE EXERCISE ROOM. GATED BOAT AND RV STORAGE. THIS ENCLOSED PRIVATE SOLAR HEATED POOL REPLACEMENT COST WILL TOP 150k AND WAITING PERIOD OF UP TO 2 YEARS+ HOA FEE INCLUDES GRASS CUTTING, HIGH SPEED INTERNET AND CABLE!
You may be able to put down less than the total down payment amount of $198,342 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6234881