520 Valencia Pl, Lady Lake, FL 32159
2 beds · 2 baths · 1,248 sqft sqft
Welcome to your dream retreat in The Villages! This beautifully remodeled 2-bedroom, 2-bathroom home in the premier 55+ community in Mira Mesa offers both charm and convenience. Located just minutes from Spanish Springs and Sumter Landing, you’ll enjoy easy access to abundant shopping, restaurants, banks, medical facilities, and so much more. Nearby, the Mira Mesa pool offers a refreshing escape just around the corner. Inside, the inviting open floor plan highlights a remodeled kitchen featuring sleek quartz countertops, new cabinetry, and stainless steel appliances. The home’s bright coastal-inspired colors and plantation shutters on each window create a vibrant, welcoming atmosphere. The master bathroom is tastefully remodeled, and crown molding throughout—including in both bathrooms—adds a refined touch. All lighting and fan fixtures have been replaced with remote-control functionality for added convenience. The spacious guest bedroom includes a walk-in closet. Additional features include engineered hardwood flooring throughout, tile in the bathrooms, and solar tubes in the kitchen and bathrooms, flooding the space with natural light. Outdoors, the painted driveway, walkway, and back patio create a custom, polished look, complemented by fencing around the front porch and rear patio. Enjoy low-maintenance living with new 6" gutters and guards, plus a G-14 garage ventilation system, insulated garage door, and a 10' Formica work countertop in the garage. Topped off with a new roof installed in 2022, this home is move-in ready for you to enjoy the vibrant lifestyle of The Villages. Don’t miss this gem in the heart of it all!
Source: STELLAR #tb8321038
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8321038
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: #tb8321038
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.