3440 Diamond Leaf Ln, Oviedo, FL 32766
6 beds · 5 baths · 3,740 sqft sqft
Seize the rare opportunity to own this stunning 6-bedroom, 4.5-bathroom residence in the prestigious Live Oak Reserve community, next to the best schools in town. This beautiful, nearly turn-key home is one of the largest in the neighborhood and offers the lowest price per square foot for many miles in any direction. Step outside to an expansive, fully fenced backyard surrounded by lush greenery. This massive outdoor space is perfect for grilling, dining, and enjoying the beautiful Florida weather. With plenty of room for gardening, play, or future expansion, it’s a true private oasis. The front of the home features a 3-car garage and a wide driveway, offering ample parking and storage options. Inside, the home impresses with high ceilings and an open layout that creates a sense of grandeur. The spacious living area is ideal for entertaining and includes an additional second living room upstairs- perfect for guests or extra family space. The modern kitchen, remodeled in 2016, boasts a contemporary design with a striking backsplash, solid wood cabinets, ample counter space, and premium stainless steel appliances. Luxurious tile flooring in the kitchen complements the wood floors and plush carpeting throughout the rest of the house. The property has been well-maintained, with recent updates including a new roof installed in 2016 and two new separate air conditioning units replaced in 2017 and 2020, ensuring long-term comfort and efficiency. Modern light fixtures add a touch of sophistication to the home’s inviting atmosphere. Priced very competitively due to slight TLC needed- this home offers luxury and convenience and investment opportunity. Whether you’re looking for a grand family residence, a stylish vacation home, or a smart investment, this property meets all your needs with style. Don’t let this exceptional opportunity pass you by! Schedule your showing today and explore the unparalleled charm and space of this magnificent home. Feel free to soft pitch purchase agreements to the listing agent. NO ASSIGNABLE CONTRACTS.
Source: STELLAR #t3545646
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3545646
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: #t3545646
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.