Waterfront Perfection in the Heart of Crystal River! Completely remodeled from top to bottom, this stunning 3 bedroom, 2 bath, waterfront home combines modern luxury with the relaxed Florida lifestyle. Situated on a corner waterfront lot, this property features a private dock, a 10,000-lb boat lift, and a jet ski lift. Home is built on a stem wall. From here, you can kayak to the world-famous Three Sisters Springs and explore the pristine Crystal River waterways in just minutes! Inside, the home showcases a gorgeous modern kitchen with Dexron countertops, black cabinetry accented in gold, modern appliances and a spacious walk-in pantry with abundant shelving and cabinetry. A separate bar area with its own refrigerator and freezer makes entertaining effortless. The open-concept living area features a cozy fireplace, wood-plank tile flooring throughout, and abundant natural light. The primary suite is beautifully designed with a fully remodeled bath boasting white cabinetry, striking black countertops, and a luxurious walk-in shower with rain-head fixture. Embracing modern design trends, the washer and dryer are conveniently located in the primary bath. The guest bath shines with subway tile and modern finishes. A dedicated office with two built-in closets, and a fabulous covered deck perfect for year-round outdoor enjoyment. Additional highlights include: *Metal roof (2023) *New windows (2024) Fenced backyard with storage shed *American Home Shield home warranty *Transferable VA loan at just 1.9% interest (eligibility requirements apply)! Located in the heart of award-winning Crystal River, you can golf cart to shops, restaurants, and local festivals while enjoying the vibrant waterfront lifestyle this area is famous for. Make your waterfront dreams come true in this incredible home! **furniture negotiable
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.
