Discover a hidden gem and your dream home all in one purchase. READ CAREFULLY so you don't miss everything this home has to offer including 2 water access lots to the Withlacoochee River. Each water access lot is 30 x 20. Classic farm style home on large .57 acre lot beckons you to the wide porches to sit back enjoy a cup of coffee or a cocktail. Watch either the sunrise or sunset from this south facing property, both light up the sky with color. Beautifully maintained 3 bedroom, 2.5 bath feels just right when you step in with a large comfortable living area to the left and dining to the right. Home has a bit of a formal feel with the kitchen, breakfast room, half bath, and laundry room all in the rear. All bedrooms are private with the main bedroom, large walk in closet and spacious bath on the first floor and 2 additional large bedroom upstairs with another full bath. Take a short walk down the street to your waterfront lots, see photos for location, launch your kayak or small boat and go for a ride, fish, or relax. You can park your vehicle and trailer there while you are out enjoying yourself. Come on back home to your oasis that has solar power to reduce your power bills -system is fully paid for- new roof, propane- on demand water heater, full appliance package, even a laundry chute from upstairs. Life is easy in this home. Large half acre lot is fenced for privacy and has plenty of room for a pool, storage, workshop, RV and Boat parking all with a little elbow room. NO HOA. Located between Crystal River and Dunnellon with their historic towns and beautiful springs. Can be purchased furnished, new on/off ramp to Suncoast Parkway will be coming to the area for access to Tampa.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
