5318 Greens Dr, Lady Lake, FL 32159
3 beds · 2 baths · 2,043 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. READY TO SELL! This three bedroom, two bath home in the beautiful community of HARBOR HILLS GOLF AND COUNTRY CLUB has so much to offer. NEW ROOF, NEW AC, HOME WAS REPLUMBED IN 2023, and ELECTRIC UPDATED IN 2020. This home is located on an oversized corner lot with no rear neighbors offering peaceful views and sought after privacy. Entering the home, you walk into the living area with sliding doors that open to the large, screened lanai, and you find the formal dining beside the living area. The kitchen has been updated with granite counters, updated appliances and an abundance of cabinet storage. There is a breakfast nook with a bay window which overlooks the back yard, and you can also access the lanai from this room. The split floor plan has the primary suite located on the left of the home and features a large bath with dual sinks lots of counter and storage space, walk in shower, walk in closet built in shelving and sliders that open to the lanai. On the other side of the home, you find two bedrooms and the guest bath. One of the bedrooms currently used as an office has French Doors and built in shelving. If you love to enjoy nature or entertain you will love the large screened in lanai. Part of the lanai is covered and perfect for your outdoor furniture, and the remaining part is screened. It's a great place to grow and care for your potted plants and a wonderful place for you and your friends and family to gather. There is an indoor laundry room with washer, dryer, sink and storage cabinets. From the laundry you enter the two car, side garage. This home has beautiful landscaping and is in a great location. New owners have the option to join the Country Club with a Golf or Social Membership, but it is not required. Harbor Hills offers many recreational opportunities and clubs with a membership. Harbor Hills is a 24 hour gated community and only 10 minutes from THE VILLAGES for restaurants, shopping, entertainment and doctors. Don't miss the opportunity to make this home yours! Call today!
Source: STELLAR #G5090532
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5090532
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.