5810 Penney Ln, The Villages, FL 32163
3 beds · 2 baths · 2,016 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. VILLAGE OF FENNEY | EXQUISITE EXPANSIVE FLOOR PLAN , LANTANA MODEL. A stunning single-family residence in the heart of The Villages, Florida. This meticulously maintained home, built in 2018, offers a seamless blend of modern design and timeless charm, perfect for buyers seeking both luxury and comfort. Spanning an expansive layout, this property features high-end finishes and thoughtfully curated details throughout.Step inside to discover an inviting open floor plan that effortlessly connects the spacious living area, gourmet kitchen, and elegant dining space. The kitchen is a true showstopper, featuring custom wood cabinets, sleek countertops, top-of-the-line appliances, and a large center island, making it the perfect hub for cooking and entertaining. Adjacent to the living area is a massive enclosed lanai, ideal for enjoying Florida’s sunshine year-round while offering privacy and comfort. The outdoor living experience is elevated with your personal inground pool, surrounded by a beautifully landscaped yard. This tranquil oasis is perfect for relaxation, entertaining guests, or enjoying a refreshing dip during warm days. The primary suite serves as a private retreat with a generously sized bedroom, walk-in closet, and a spa-inspired ensuite bathroom featuring a soaking tub and a glass-enclosed shower. Living in The Villages is more than just owning a home—it’s a lifestyle. Known as "Florida’s Friendliest Hometown," The Villages is a master-planned community designed for active adults who desire a vibrant and fulfilling way of life. Residents enjoy access to over 50 golf courses, including championship and executive courses, perfect for both seasoned players and beginners. Recreation centers abound, offering amenities such as swimming pools, tennis courts, pickleball courts, and fitness centers. The Villages boasts over 3,000 clubs and activities, ensuring that every interest—be it arts and crafts, dancing, theater, or sports—is catered to. The community also features three distinct town squares, each offering unique dining, shopping, and nightly live entertainment. These squares serve as bustling hubs of social activity and create a true sense of community among residents. One of the main reasons people move to The Villages is the unparalleled convenience and quality of life. Golf carts are a primary mode of transportation, with a network of trails allowing residents to navigate the area with ease. Proximity to top-rated healthcare facilities, grocery stores, and retail shops ensures that everything you need is just a short ride away. For those seeking an active, social, and carefree lifestyle, The Villages offers an unmatched sense of belonging and endless opportunities to connect with others. Don’t miss the chance to call this your forever home and immerse yourself in all that The Villages has to offer. Schedule your private tour today!
Source: STELLAR #O6268450
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6268450
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 and Equal Opportunity Act.