640 San Pedro Dr, Lady Lake, FL 32159
3 beds · 2 baths · 1,908 sqft sqft
BOND PAID on this LOVELY, TURN-KEY 3/2 Cyprees DESIGNER home on OVERSIZED CORNER LOT located in the VILLAGE of RIO GRANDE! INVITING entrance with LEADED GLASS front door and sidelights. As you enter the home, you will see the foyer has a coat closet and TILE on the diagonal. The living room, dining room, hallways, and bedrooms have WOOD like TILE. NO CARPET! The kitchen has OAK CABINETRY, high-definition counters, tile backsplash, under cabinet lighting, decorative lighting, tile on the diagonal, stainless steel appliances & and an EAT-IN kitchen nook, beautiful plantation shutters, which happen to be throughout! The INSIDE LAUNDRY room off the kitchen has a washer & dryer and BUILT-IN cabinets for additional storage. The spacious living room has 2 SKYLIGHTS for more natural lighting! The split floor plan is great for having guests! The master bedroom has a large CLOSET and an EN-SUITE bath with high-definition counters, DUAL SINKS, and a walk-in shower. Both guest rooms have ceiling fans, plantation shutters, and closets, and one of the rooms has direct access to the lanai. The guest bathroom has a tub/shower combo and is located between the 2 guest rooms. Step outside into the covered lanai that leads to the lovely backyard and a STACKED STONE bordered PATIO with beautiful TREES surrounding this private spot! Other features include a new roof (2012), a new AC (2017), and all water pipes replaced (2016)! The back patio is wired with a 220 amp! This is a lovely home with lots of potential! GREAT LOCATION surrounded by PRESERVES, with easy access to SPANISH SPRINGS and LAKE SUMTER LANDING, close to the Hacienda Country Club, shopping, dining, GOLF, and The Villages Regional Hospital!
Source: STELLAR #g5087129
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087129
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: #g5087129
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.