309 N SETON AVE, Lecanto, FL 34461
Welcome to your dream home! This meticulously maintained 3-bedroom, 2-bathroom, home offers 2443 sq ft of living area on a sprawling .97-acre parcel in the desirable Kensington Estates. Notable features include a new roof and skylights (2019) and an upgraded HVAC system with new AC and ductwork (2018), ensuring year-round comfort and peace of mind. Additionally, the property boasts a Generac whole-house generator with a buried tank (2021) and a 50-gallon water heater (2021), guaranteeing continuous functionality and efficiency. Inside, this incredible home is filled with upgrades and modern touches. The formal living room, with its stone fireplace, and the formal dining room set the stage for elegant gatherings. The sun-kissed family room, complete with a wood-burning fireplace, built-in shelving, and cabinets, provides a cozy yet spacious area for relaxation. The newly remodeled kitchen features new cabinets, quartz countertops, updated appliances, and a charming breakfast nook. The office/den/bonus room offers flexible space for work or play, while the split floor plan and an abundance of skylights and windows ensure natural light throughout. Luxury vinyl plank flooring adds a touch of sophistication to the entire home. The exterior is equally impressive, with an RV carport and separate driveway, two spacious storage sheds (12x16 & 9x15), rear privacy fencing and vinyl fencing, a northern screened lanai, and a relaxing Florida room on the southern side of the home and a covered BBQ area (11x11). The detached 2-car garage (19x25) provides additional storage and workspace. Designed for multi-generational living, this home offers ADA accessibility and ample space for the entire family. With no deed restrictions and no HOA, you have the freedom to make this property your own. Easy access to the Suncoast Parkway, shopping, schools, and medical facilities makes this the perfect location for convenience and tranquility. Don't miss the chance to own this exceptional home that combines modern amenities, beautiful design, and a prime location. Schedule your showing today! VA assumable mortgage to a qualified Veteran to give up eligibility in order to restore the sellers eligibility and not assumable without the approval of Dept. of Veterans Affairs.
You may be able to put down less than the total down payment amount of $38,618 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: #g5083949