8185 County Road 109, Lady Lake, FL 32159
3 beds · 2 baths · 1,568 sqft
MOTIVATED SELLERS! NEW PRICE CUT! SUPER CLEAN MOVE-IN-READY! 3 Bedroom, 2 Bath with over $35K in Interior/Exterior Upgrades and Improvements! This Meticulously Maintained Home is situated on a 1/2 Acre in the BEST LOCATION IN LADY LAKE and THE VILLAGES with a Long List of Upgrades and Features Including an Open Split Floor Plan with 1,568 Sq. Ft., of Living Area • NEW GUEST BATHROOM (2023) • NEW ROOF (2021) • NEW SEPTIC (2021) • Delightful Gourmet Kitchen with Solid Surface Counter Tops and Kitchen Cabinetry Galore • Newer Stainless Steel Appliances • Open Formal Dining Area • Spacious Living Room • Vaulted Ceilings • Linoleum and Carpeted Flooring • Large Primary Bedroom with Walk-in Closet • Large Primary Bath with Walk-in Shower and Garden Tub • 2 Roomy Guest Bedrooms w/Walk-In Closets • Newly Remodeled Guest Bathroom with Walk-In Shower • Inside Laundry Room • Fully Screened Enclosed Rear Lanai • Double Carport • Concrete Driveway and More...NO HOA! NO BOND! NO CDD! Endless Opportunities to Enjoy Your Favorite Activities in this Golf Cart Family Friendly Oakland Hills Community, Just Minutes from the Villages Spanish Springs Plaza and directly Across from Lowes, BJ's, Aldi's, and Cracker Barrel, All Major Grocery, Walmart & Publix, Restaurants, Shopping, Churches, Hospitals & Medical Facilities • Call to Schedule Your Personal Showing Today!
Source: STELLAR #s5107562
Source: STELLAR #s5107562
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: #s5107562
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.