5620 Spinnaker Loop, Lady Lake, FL 32159
3 beds · 4 baths · 3,284 sqft
Under contract-accepting backup offers. Welcome home to luxury living at its finest - ASSUMABLE VA 2% LOAN. Be amazed at this stunning 3 bedroom, 4 bathroom home boasting an impressive array of features designed for comfort and elegance. Step inside to discover multiple open living spaces including formal living and dining as well as casual living and dining spaces. Enjoy a libation in the built in bar nestled along side a fireplace for ambiance. You'll love the huge, chef-style kitchen with tons of countertop space and lots of storage. All of the appliances have been replaced with NEW LG Stainless Steel set. All of the bedrooms have custom walk-in closets for maximum storage. The spacious primary bedroom has a retreat that can be used as an office space or seating with a view of the pool and golf course. The primary bathroom has an enormous garden tub and a shower with double vanities. You'll love the sprawling customized walk-in closet. Step out onto the sprawling covered lanai to the outdoor kitchen and huge pool with spa with numerous spaces to enjoy outdoor moments. The garage is oversized with 2 full car bays plus a full golf cart garage - plenty of additional overhead storage is available to give everything a place. Recent upgrades include a new roof in 2023, a new pool pump, and a leaf filter gutter system, ensuring peace of mind and low maintenance. Situated on an elevated lot, this home offers privacy and panoramic views that embody the essence of resort-style living. Nestled amidst rolling hills and picturesque treelined streets, Harbor Hills Country Club offers an unparalleled lifestyle in a truly gated community with 24-hour roaming security. Discover a sanctuary of luxury and leisure, where championship golf meets amenities designed for the discerning resident. At the the heart of Harbor Hills is its Championship Golf Course, offering membership privileges and challenging play against the backdrop of stunning Florida landscapes, After a round of golf, unwind in the Bar & Grill, take a dip in the spa or pool, or rejuvenate body and mind at the gym complete with a sauna. Weekends bring our famous Brunch on Sunday and many dining opportunities with other friends and residents. Sports enthusiasts will delight in the array of recreational options, including pickleball and tennis courts that cater to both casual players and seasoned athletes alike. For boating enthusiasts, the private marina provides access to Lake Griffin, part of the renowned Chain of Lakes, perfect for fishing, boating, and enjoying scenic sunsets on the water. Take a minute to enjoy the VIDEO TOUR by clicking on the Tour Link ... enjoy!
Source: STELLAR #g5082993
Source: STELLAR #g5082993
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: #g5082993
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.