917 Royal Oak Blvd Leesburg, FL 34748
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About this home
One or more photo(s) has been virtually staged. $10,000.00 DOWN PAYMENT OR CLOSING COST ASSISTANCE for first time home buyers with our preferred lender. This spacious 2-bedroom, 3-bath townhouse is a unique opportunity to own in the highly sought-after Royal Oak Estates, a gated, amenity-rich community offering convenience, security, and Florida charm. With 1,288 square feet of well-designed living space, this town home has a layout that prioritizes both comfort and functionality. A standout feature is the inclusion of two master suites, each with its own private full bathroom, providing flexibility for guests, roommates, or a multi-generational setup. An additional third bathroom adds convenience on the first floor for those who enjoy hosting. Step through the private front patio, an inviting outdoor space perfect for morning coffee, evening relaxation, or even a small container garden. Inside, you'll find a light-filled open living and dining area that flows seamlessly—ideal for both quiet evenings and lively gatherings. The kitchen offers ample cabinet space and easy access to both indoor and outdoor dining areas. This townhouse offers more than just great interior space—it’s part of a well-maintained, gated community that provides residents with peace of mind and an active, connected lifestyle. Enjoy access to a community pool, clubhouse, and fitness center, all just a short walk from your front door. The HOA covers exterior maintenance, lawn care, and common areas, making this a fantastic option for those looking for a low-maintenance lifestyle. Located just minutes from downtown Leesburg, this home is perfectly positioned near shopping, dining, medical facilities, and recreational options. With easy access to major roadways and the beautiful Harris Chain of Lakes, you’ll have the best of Central Florida living right at your fingertips. Whether you're a full-time resident, a snowbird looking for a winter retreat, or an investor searching for a smart rental opportunity, this property checks all the boxes. Homes with two master suites and three full baths in this price range are a rare find—don’t let this one slip away.
Source: STELLAR #O6306228
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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.