5309 Sparrow Song Dr, Okahumpka, FL 34762
3 beds · 2 baths · 1,725 sqft
One or more photo(s) has been virtually staged. Nestled in the tranquil yet vibrant community of Spring Creek, this stunning three-bedroom, two-bath 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 a 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 a 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!
Source: STELLAR #o6242010
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6242010
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: #o6242010
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.