9740 Fairway Cir Leesburg, FL 34788
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About this home
A stunning, move-in ready pool home is now available in the highly sought-after Magda Estates community in Silver Lake. Located at 9740 Fairway Circle, this beautifully updated 3-bedroom, 2-bathroom home offers an exceptional living experience with no HOA or deed restrictions. A New Roof is included prior to closing, and you can choose the color! This home sits on a spacious, oversized lot with no rear neighbors, providing a private and peaceful setting. You'll have ample space for parking a boat or RV, complete with a convenient 50-amp RV hookup. The property is truly move-in ready as this home has been thoughtfully upgraded over the years since 2020, including new vinyl flooring throughout, updated bathrooms, exterior paint in 2020, and interior paint in 2022. Inside, the split floor plan ensures privacy and functionality. The primary suite features vaulted ceilings, an oversized walk-in closet, and a beautifully updated en-suite bathroom with easy shower access. All light fixtures have been recently replaced, enhancing the home's contemporary feel. The open floor plan seamlessly connects to a sizable screened-in retreat, spanning over 1,800 square feet. This expansive area is perfect for entertaining or simply relaxing by the Pool. Additional upgrades include a 5-stage whole-house water filtration system (requiring salt only once a month) and an energy-efficient electric tankless Rheem water heater. An expanded driveway and added walkway provide extra parking and accessibility, while a powered 10x12 shed with electricity offers ideal storage or workspace. This Beautiful home perfectly blends functionality, privacy, and comfort in a prime location. Call today for a Private Tour and do not miss your chance to call this Home! All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent.
Source: STELLAR #G5103337
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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.
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