4242 Griffin View Dr, Lady Lake, FL 32159
3 beds · 2 baths · 1,770 sqft sqft
PEACEFUL living in Lady Lake! Embrace the tranquility of this secluded and charming three-bedroom, two-bathroom ranch-style home, nestled on nearly 10 acres. A gated entrance and serene drive leading to the house make this setting irresistible. This fenced and private property offers abundant space for your ranch or farm dreams, boasting a spacious 3-stall barn with a tack room, a detached garage/workshop, a convenient pole barn, and additional carport and storage areas. With limitless possibilities, this property is a dream come true. Featuring a full home solar system, you will really love the electric bills here! Enter through the freshly painted front door to discover a tiled entry foyer opening to a dining room and a living room adorned with beautiful natural oak flooring. The living room features a substantial brick wood-burning fireplace, infusing warmth and character into the space. Adjacent to the dining area is a well-equipped kitchen boasting granite countertops, stainless steel appliances, and a convenient side door leading to a grilling area, perfect for summer barbecues. Flowing seamlessly from the kitchen and dining area is a spacious den enhanced with engineered wood floors and a bay window, offering a cozy retreat. The master bedroom boasts a charming bay window and an en-suite bathroom. Outside, a generously sized screen-enclosed pool invites outdoor gatherings and relaxation, providing ample space for entertaining and even lap swimming. Spend your days tending to the land and your evenings enjoying the serene poolside ambiance on warm summer nights. Conveniently located near The Villages and within an hour's drive to major interstates for effortless travel and commuting, this property offers the ideal blend of proximity to amenities and the serenity of rural living. Experience the best of both worlds – live close enough to enjoy convenience yet far enough to relish peace and quiet.
Source: STELLAR #g5083008
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5083008
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: #g5083008
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.