5741 S Leonard Ter, Inverness, FL 34452
2 beds · 2 baths · 1,344 sqft
2 Bedroom 2 Bath 2 Car Garage Home Located in Inverness! This Home is Situated on a Rustic Tree-Shaded Half Acre Lot On A Quiet Well-Maintained Street, Your New Home Has Loads of Desirable Features. Freshly Painted With New Laminate Flooring Throughout. Pull Into Your New Large Driveway and Walk Up To Your New Home. Step Inside The Front Door and Notice the Large Bright Living Room. The Living Room Has Its Own Closet and Shares a Breakfast Bar with the Kitchen. Turn Right and You’ll Find The First Bathroom, Complete with a Full-Sized Bathtub with Shower, Pretty Vanity and Tile Flooring! Next Is Your First Bedroom, Spacious with Plenty Of Light, And A Walk-In Closet. Next Down The Hall is The Master Suite. You’ll Notice There are Plenty Of Closets Along the Way. The Master Is Generously Sized With Yet Another Walk In Closet and a Fully Tiled Ensuite Bath! Continuing Your Tour, You’ll Find Your Dining Room Which Has Sliders Leading Out Back to Your Massive 12x40 Back Patio. Look Out Over The Gently Sloped Landscape and Notice Your Back Yard is Fully Fenced For Security and Privacy. Back Inside and You Are In Your Kitchen. Fully Equipped with Stainless Steel Appliances, and Plenty of Counter Space and Cabinets. There’s Even Room for a Dinette Here. And More Sliders Leading Out Back. Let’s Check Out Your Garage. Your Oversized 2 car Garage Has Room for Cars and More. You’ll Also Find Your Laundry Room Here, Complete with Electric Appliance Hook-ups and a Laundry Tub. What More Do You Need?! You’re Just Minutes Away from Downtown Inverness and Floral City Here With Shopping and Plenty of Dining Opportunities. Inverness Golf and Country Club Is Also Just Minutes Away. Invest In Your Own Rural Retreat. Check This One Out Today! ATTENTION: This home may be available with a special benefit to Active-Duty Military, Retired Veteran that was honorably discharged, Widow of a Veteran, an Educator in the State of Florida, First Responder, EMT, EMS or Law Enforcement SEE ATTACHMENT AND CALL FOR MORE INFORMATION.
Source: STELLAR #tb8310434
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8310434
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: #tb8310434
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.