30364 Armenia Rd, Leesburg, FL 34748
3 beds · 2 baths · 1,645 sqft
Modern Turnkey Home with Stunning Preserve Views in Lake Denham Estates! Seller financing available. Welcome to your dream home in Lake Denham Estates, Leesburg, FL! Built in 2022, this 3-bedroom, 2-bathroom gem offers 1,614 square feet of thoughtfully designed living space with a spacious 2-car garage and a large patio. From the moment you step inside, the open layout and neutral tones create a warm and inviting atmosphere, while clear sightlines draw your gaze to the serene Flat Island Preserve just beyond your backyard. Property Highlights: Energy Efficiency: Enjoy the benefits of solar panels, reducing your energy costs while embracing sustainability. Smart Home Features: This home is equipped with a touchscreen panel, video doorbell, and door/window sensors for added convenience and peace of mind. Modern Design: Neutral walls and flooring provide a versatile backdrop to suit any style. Community Perks: Located in a quiet, growing neighborhood, you'll have access to a community pool and scenic preserve trails, perfect for outdoor enthusiasts. Surrounded by nature and modern conveniences, this home offers the ideal blend of comfort, style, and tranquility. Schedule a tour today and see why this property is the perfect place to call home!
Source: STELLAR #TB8340469
Financials
Source: Public records
Source: STELLAR #TB8340469
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.