601 Gibson St, Leesburg, FL 34748
4 beds · 2 baths · 2,428 sqft sqft
One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer ~ Want to be near the water, but not on the water? This Leesburg home is .2 miles from LAKE GRIFFIN with Boat Parking in your driveway! NO HOA and the HERLONG PARK public BOAT RAMP is only 1.4 miles away!! Enjoy Fishing from the pier at Herlong Park or from your own watercraft, as you launch into Lake Griffin and the HARRIS CHAIN OF LAKES, a jewel of Lake County. The home backs up to over 71 acres of county owned woodlands, that include BOURLAY HISTORIC NATURE PARK. Price Improvement!! 4 POINT INSPECTION just completed! NEW HVAC Installed 7/16/24 with 10 YEAR WARRANTY! POOL HOME with a BRAND NEW WATER HEATER (2024), NEWER ROOF (2018), UPDATED WINDOWS (2019), WOOD FLOORS, GAS STOVE, WHOLE HOUSE VACUUM SYSTEM and NO HOA all on over HALF AN ACRE! Welcome to Gibson Street and this 3-bedroom, 2-bath home offering endless curb appeal with a large lot full of beautiful mature trees, brick exterior and covered front porch. The character and charm continue inside with wood floors throughout, crown molding, decorative woodwork and there is even a WOOD BURNING FIREPLACE (gas hookup available!) in the dining room off the kitchen. You have your choice of a large living room with easy access to the kitchen for a more formal setting or a family room behind French doors for a casual gathering space. The large kitchen will delight any home chef featuring quality appliances (including a GAS STOVE!), rich solid wood cabinetry, plenty of countertop space - ISLAND and BREAKFAST BAR - and a cheery window over the sink to let the natural light pour in. French doors off a traditional dining space access your patio and pool where you can relax poolside in the gazebo outfitted with electric or cookout with family and friends - there is an outside gas line ready for you to hook up your barbeque! The three bedrooms include a spacious PRIMARY SUITE offering the owner a private en-suite bath with direct access to the pool. Bedrooms two and three share a second full updated bath. In addition to the storage shed in the backyard the garage also has workshop space and all of the pool equipment stays - NEW POOL PUMP and NEW POOL VACUUM! Bring your boat or RV and enjoy the privacy of no rear neighbors. You are conveniently located near shopping, dining, parks, lakes and you can be at the Orlando International Airport in less than an hour. Call today to schedule your tour and leave the hustle and bustle of Orlando behind and discover all that Leesburg and the Harris Chain of Lakes has to offer! Chicken Coop will stay if buyer would like it to, otherwise it will be removed before closing.
Source: STELLAR #o6209529
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6209529
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: #o6209529
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