22852 Fern Ct Land O Lakes, FL 34639
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About this home
Just Listed in Lake Padgett Estates! No CDD Fees & Low Voluntary HOA! Assumable VA Loan Available at 4.625% interest rate! *also available for Lease & Lease-to-Own* Welcome to this beautifully maintained 4-bedroom ranch-style home on an oversized corner lot—just over 1/3 of an acre—in the highly sought-after Lake Padgett Estates community. This rare find offers a split floor plan with soaring ceilings throughout the main living areas, including a formal dining room, living room, and an open-concept kitchen and family room designed for comfort and entertaining. The kitchen has been upgraded with brand-new appliances (2025)—all under warranty until April 2030—and features real wood cabinetry, Corian countertops, a pantry, and a sunny eat-in space. Recent interior upgrades include fresh paint, modern lighting fixtures, and a reverse osmosis system for clean, great-tasting drinking water. The spacious primary suite boasts two walk-in closets, dual vanities, a walk-in shower, and a relaxing garden tub. Additional updates include a new water heater (2022), a water softener system, and solar panels installed 2 years ago, providing long-term energy savings. The seller's electric bill is typically around $40/month! Step out to the covered and screened-in patio overlooking a huge backyard with a large storage shed and an additional parking pad. There’s more than enough space to add a pool, garden, or play area—perfect for outdoor living. If you decide to opt in the voluntary HOA, at only about $25/year, you’ll have access to 5 lakes with private boat ramps, parks, playgrounds, picnic areas, and even a riding stable. Conveniently located near Collier Parkway and Highway 54, you’re minutes from great shopping, dining, and top-rated schools. This rare property checks all the boxes—location, upgrades, and lifestyle. Don’t miss out—schedule your private showing today!
Source: STELLAR #TB8388805
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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.