800 Daybreak Dr, Fruitland Park, FL 34731
5 beds · 3 baths · 3,072 sqft
Welcome to 800 Daybreak Drive. This 5-bedroom, 2.5-bathroom home spans over 3,000 square feet and is situated on a fully fenced, quarter-acre homesite. The home also features an oversized loft, an office, and a 3-car garage with one bay converted into a workshop. The first floor includes an office, a formal dining area that could also serve as a second office, a large living room, and the kitchen. The kitchen offers black countertops, new stainless steel appliances, an island, two pantries, and a large window overlooking the lanai and backyard. Storage is abundant throughout the home, with well-placed closets. Upstairs, the primary bedroom is located on the left side of the home, separate from the other bedrooms. It features vaulted ceilings, hard surface flooring, and an updated en-suite with new tile and a brand-new shower. The primary suite also includes two walk-in closets. The upstairs loft is oversized and overlooks the two-story foyer at the entrance of the home. The loft also connects to the hallway leading to four large secondary bedrooms, each with their own spacious closets. The backyard is fully fenced and includes a screened-in lanai, offering plenty of outdoor space. A top-of-the-line Enphase solar panel system and electric 220V/50A car chargers are installed on the home. Located near The Villages, the home offers proximity to restaurants, shopping, and entertainment options, with Lady Lake also just minutes away. There is also a brand new elementary school less than a mile from the home that is scheduled to open in the fall of 2025. The community has a low HOA, and offers location and value. Call today to schedule a private tour.
Source: STELLAR #o6263449
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6263449
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: #o6263449
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.