5825 Princess Caroline Pl
Leesburg, FL 34748
3 beds · 2 baths · 2,023 sqft
$299,000
Get prequalifiedAbout this home
Under contract-accepting backup offers. Welcome to 5825 Princess Caroline PL. in the highly regarding Royal Highlands community for 55+. This home is very well kept and more than turn key ready for it's newest owners. The home is a 3 bedroom, 2 bathroom 2,023sqft home that is priced to sell. Roof 2018, HVAC 2018, Water Heater 2025. The square footage does not account the additional 238sqft that is the Enclosed Porch that I call a FL Room. The home is a split floor plan where the Living Room, Dinning Room, Kitchen and FL Room are all in the middle and the rooms are on each end of the home. The laundry room is in the home near the primary bedroom, leading out to the oversized garage. The garage is 24'2 x 29'6. Large enough to house two and half cars or in this case, a golf cart. The community is very golf cart friendly as it is also a Golf Community. The Monarch at Royal Highlands is a public course which is very convenient because residents do not have to pay into the club or membership, it's completely optional. This also helps keep the HOA low and reasonable, only $224 per month to have access to a near endless amounts of recreational activities and amenities. Activities such as a Recreation Center, 2 pools (1-outdoor and 1-indoor), tennis, corn hole, shuffleboard and bocce courts, fitness, card, billiard and arts & crafts rooms, and a library. Pickleball courts and a softball field are also on site. There is a Great Hall that has a ballroom with a stage and dance floor for hosting entertainment events and community functions with 75+ clubs and recurring group activities. Royal Highlands is spread out over 1,000 acres that have four lakes, wildlife areas, and a nature trail. This community isn't just another community, it's a lifestyle and it starts with you. Schedule a tour today or visit the 3D Tour and Video Tour.
Source: STELLAR #O6249970
5-year savings
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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