27127 Stoney Brook Dr, Leesburg, FL 34748
3 beds · 2 baths · 2,245 sqft
Welcome to your Florida Pool Home! With soaring ceilings and lots of custom features this home boasts elegance. 3.00% assumable* mortgage is the first thing you should know about this beautiful home! Located in the highly sought after gated Legacy of Leesburg (55+ community) this location right in the middle of Florida and is safe from hurricanes and yet a one hour drive to the beach! Relax by the solar heated salt water pool while you sip your morning coffee and do some bird watching as the nature preserve and walking trails are located directly behind this house. Just the right size with aprox. 2300 square feet of living, 3 bedroom 2 bath split plan, with both a formal diningroom and livingroom. The highlight is the large kitchen fully equipped with a new wine cooler refrigerator, kitchen island, granite counters as well as a gas range perfect for the home chef! There is also another dining area just off the kitchen. The spacious family room has sliding glass doors right out onto the screened lanai with plenty of room for your outdoor kitchen and patio furniture. The solar panels that heat the pool are paid for. The home also has a gas on demand water heater as well as a water softner. Now for the next best part the community features Include: Lawncare, Cable, Internet, a beautiful club house, pool, tennis courts, pickel ball, gym, miles of walking trails- everyday there are numerous activities planned for the residents here. Discover the Florida lifestyle you've always dreamed of in this exquisite, spacious, and elegant pool home! Experience the beauty and attention to detail that await you. Must see to appreciate! * Must qualify for assumable mortgage.
Source: STELLAR #O6283970
Financials
Source: Public records
Source: STELLAR #O6283970
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.