1086 Henley Downs Pl Lake Mary, FL 32746
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About this home
One or more photo(s) has been virtually staged. Experience breathtaking sunsets from this magnificent custom Marklen home. Perfectly situated on Lake Irish, the property boasts stunning curb appeal with lush landscaping, colorful flowers, and a circular brick-paved driveway. Step inside to soaring ceilings, arched doorways, lighted niches, and elegant 10-foot doors. The chef’s kitchen features staggered cabinets with crown molding, granite countertops, stone backsplash, center island, walk-in pantry, gas cooktop with pot filler, stainless steel appliances, and double ovens. The kitchen flows seamlessly to the family room with a custom built-in entertainment center, wood floors, and a stone gas fireplace, a spacious bonus room with wet bar as you enter. Upstarts bonus room with beam ceilings overlooks the water and opens to a tiled balcony. The tropical pool and spa are surrounded by brick pavers and lush landscaping, creating a private paradise viewable from the kitchen nook and living areas. The luxurious primary suite includes oversized windows with lake views, spa bath with framed mirrors, soaking tub, vanity, and an organized walk-in closet. A connected flex room offers space for fitness or storage. Upstairs, you’ll find three bedrooms and two full baths, perfect for family or guests. Additional highlights include plantation shutters, wrought iron railings, butler’s pantry with sink, insulated garage doors, newer A/C units, newer water heaters, and a water softener. Located in a 24-hour guard-gated community, with optional social or golf membership, this estate offers both privacy and convenience—just minutes from I-4, SR-417, shopping, dining, and top schools.
Source: STELLAR #O6339190
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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.