9850 Fairway Cir Leesburg, FL 34788
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About this home
With some TLC, this home could be transformed into an enviable retreat that perfectly blends comfort, elegance, and everyday practicality. Discover comfort and style in this beautifully designed 3-bedroom, 2-bath home, on an oversized lot in the beautiful Magda Estates area. Featuring a thoughtful split floor plan that ensures privacy and functionality for every member of the household. At the heart of the home lies a gourmet kitchen, crafted for both everyday cooking and entertaining, with a very large center Island perfect for preparation or presentations of future meals and gatherings to come. Kitchen includes gourmet style gas cooktop, wall oven and warmer and Sub-Zero refrigerator/freezer and dishwasher. With ample counter space, and elegant cabinetry. Now step into the spacious living room, where a charming corner, wood-burning fireplace anchors the space, creating a cozy focal point for gatherings or quiet evenings at home. While French doors provide seamless access to a screened in porch and expansive backyard—perfect for morning coffee, alfresco dining, or hosting gatherings beneath the Florida sky Soaring vaulted ceilings add an airy, open feel, while the living area seamlessly transitions into the formal dining room—perfect for hosting memorable dinners or celebrating special occasions. When you are finished for the day or you just need to escape you can retreat to the spacious master suite. Where relaxation awaits in a luxurious jetted tub and a separate walk-in shower. Enjoy the convenience of an office or owner's den separated by French doors—perfect for remote work, creative pursuits, or a quiet sanctuary to unwind. You will also enjoy the oversized two-car garage, with a third utility garage door on the side —perfect for stowing away your golf cart, lawnmower, or additional gear. This thoughtful feature adds both practicality and flexibility, making it easy to keep everything organized and accessible for daily tasks or weekend adventures. [Note: The hole (4x3x5) in the backyard on the exterior was dug by previous renter's dogs.]
Source: STELLAR #FC312665
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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.