5318 Fantasy Way Leesburg, FL 34748
Your savings
About this home
Looking for a home that’s been truly cared for and thoughtfully updated? This charming 3-bedroom, 2-bathroom property has so much to offer. You’ll love the peace of mind that comes with a new roof and gutters in 2023, a new A/C system in 2022, a water heater added in 2023, and updated windows in 2021. To top it off, a whole-house generator was installed in 2024, so you’ll stay cool and comfortable during any power outages. Inside, the layout is bright and open with plenty of room to spread out. And let’s talk about this oversized kitchen. Whether you’re a chef who loves to cook or a baker who needs lots of counter space for trays of cookies to cool, this kitchen delivers. With an abundance of cabinetry, generous counter space, two sinks, a center island with built-in Jenn-Aire flat top, and space for a full-size dining table, it’s designed for both function and flair. You’ll also find two separate living areas that offer flexibility for relaxing, entertaining, or pursuing hobbies. The formal dining room adds a touch of elegance for special meals, while the third bedroom with pocket doors makes a great space for any of your needs. Large windows let in plenty of natural light, and the private paver patio out back gives you a quiet space to unwind. Located in Legacy, a beautifully kept 55+ gated community, you’ll enjoy access to a clubhouse, pool, fitness center, and a full calendar of activities if you choose to join in. Convenient to shopping, restaurants, and medical care, this home offers both comfort and convenience with all the big-ticket updates already done. Ready to take a look? Let’s get your showing scheduled.
Source: STELLAR #OM709238
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.