800 Daybreak Dr
Fruitland Park, FL 34731
5 beds · 3 baths · 3,072 sqft
$397,900
Get prequalifiedAbout this home
One or more photo(s) has been virtually staged. Savings on top of savings! Priced below market value! With an acceptable offer, the seller is willing to either pay off the solar loan at closing, conveying a fully owned solar system, or offer a $5,000 credit toward the buyer’s closing costs if the buyer chooses to assume the solar loan. The buyer may also be eligible for the remaining $23,000 solar tax credit. Additionally, a 3.5% assumable VA loan is available to qualified buyers, offering significant monthly savings. Beautifully updated 5BD/2.5BA home on a fenced corner lot with over 3,000 sq ft of living space. Includes a downstairs office that can serve as a 6th bedroom. Major updates include roof (2021), upstairs A/C (2023), and water heater (2023). The updated kitchen features stainless appliances, WiFi oven and dishwasher, touch-screen fridge, and new sink. The spacious primary suite offers vaulted ceilings, dual walk-in closets, and a renovated bath. All bathrooms have been upgraded with new vanities, lighting, and fixtures. Additional highlights include a WiFi garage opener with camera, 3-car garage with the 3rd bay converted to a workshop, and an Enphase solar system with EV charger. Solar payment is $316.50 per month and electric bill typically stays under $200 per month, even with 3 EVs charging regularly. The backyard features a screened lanai (rescreened 2025), pavers, firepit, raised garden boxes, and a utility sink. Low HOA at $350 per year. Located less than 1 mile from the new elementary school opening Fall 2025 and just minutes to The Villages, shopping, and dining.
Source: STELLAR #G5097986
Payments are estimates and subject to approval.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.