5309 SPARROW SONG DR, Okahumpka, FL 34762
Nestled in the tranquil yet vibrant community of Spring Creek, this stunning 3-bedroom, 2-bathroom home, built in 2021, is designed for both relaxation and entertainment. The home boasts an open-concept great room that flows seamlessly into a well-appointed kitchen, complete with gleaming granite countertops, stainless steel appliances and a walk-in pantry. Adjacent is a cozy dining area that opens up to a serene screened-in patio, offering the ideal spot to enjoy your morning coffee or evening breeze while overlooking the spacious backyard. The luxurious owner's suite is a private retreat, featuring an upgraded tiled shower, dual sinks and an oversized walk-in closet. For added privacy, the two additional bedrooms and full bath are thoughtfully located on the opposite side of the home. Practical touches like a built-in desk/office area and a generously sized laundry room, complete with washer and dryer, add to the convenience of this exceptional property. Enjoy the perks of a solar-powered home fully paid off at closing, giving you little to no power bills, along with a whole-house water filtration system. High-speed fiber optic internet, included in the HOA fees, ensures you're always connected. Perfectly positioned just 20 minutes north of Clermont, 6 minutes from the world-famous Yalaha Bakery, and 7 minutes from the Florida Turnpike and under 10 minutes from Leesburg, this home offers easy access to everything you need, including Publix and an array of dining options right around the corner. Located across from the community park, this home has everything you could want and more. Don't let this opportunity slip away. Schedule your showing today and fall in love with your new home!
You may be able to put down less than the total down payment amount of $105,841 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: #o6242010