7807 Sloewood Dr, Leesburg, FL 34748
4 beds · 3 baths · 2,117 sqft sqft
***This home can be purchased with an assumable mortgage at 3.625 for qualified buyers!***Owner is offering $5,000 for closing costs.*** This lovely, well-maintained property, in the highly sought after Park Hill subdivision in Leesburg, features 4 bedrooms, 3 full baths, and a small but spacious backyard that holds a shed that can be used as a small workshop or additional storage. Two citrus trees, one lemon, one orange are also planted in the back yard. Additional shed on the side of the home conceals the garbage and recycle bins, but can also be used as storage space. The 2-car garage has epoxy flooring, a belt-drive garage door opener to encourage a quieter access, 2 key fobs, and a 4 door screen enclosure. This home features an open concept floorplan, with strategically placed windows to allow for natural lighting to seep through. The entrance, a spacious foyer, consists of a vinyl floor. Luxury vinyl plank floor designs the kitchen, pantry, and laundry room. The extended kitchen island (11 ft) makes for additional dining or an audience for those preparing meals on. Kitchen appliances include Samsung range, microwave and refrigerator. New washer has one year warranty! Create memories and capture the moments shared at the dinner table with family and friends in the formal dining room! A jack-and-jill bathroom makes for easy access for guests or to allow for a mini master bedroom as bedroom 2 also has a walk-in closet and ceiling fan. Bedroom 4 allows for additional closet space with its dual closets. The master bedroom leads to a large ensuite containing a comfortable bathtub as well as stand-up shower, dual sinks and a generously spaced walk-in closet. TV wall mounts are installed on the walls of the living room, primary bedroom as well as bedrooms 3 and 4. Owned closed circuit cameras by Swann Security (DVR) installed system provides peace of mind when you're on vacation, allowing you to be vigilant from afar. Added measures of security is provided via owned SimpliSafe security system. This home is located minutes from the Lake Square mall, its shops and theater, and its nearby restaurants. It is also minutes from Downtown Leesburg and conveniently located 50 minutes from Orlando. Permit yourself the time to view the property in its entirety to catch a glimpse of the abundant feeling of HOME. https://hmlt.co/7807-sloewood-dr
Source: STELLAR #g5082198
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5082198
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5082198
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.