Outdoor lovers' paradise! Sitting on over half of an acre this PRISTINE 3-bedroom 2 bath home is on Blue Creek canal with access to the lake and river. The recently remodeled interior features include ceiling fans, updated bathrooms with upgrades, dining room, living room and Florida room/office. With two screened porches you can sit outside and enjoy the peace and quiet of the Ocala National Forest. This is a highly sought after neighborhood and puts you on the water for a fraction of the cost and high taxes of neighboring counties. There are so many activities for this area which include trails for hiking and mountain biking, horseback riding, hunting and fishing and exploration of the forest, Photography buffs will appreciate the scenic surrounds as well. Exterior perks include brand new metal roof, new A/C unit, commercial grade water heater, a whole house dehumidifying system, interior laundry room and more. The craftmanship of this home is evident in all the details. There is so much more but don't take our word for it, see for yourself and make your appointment today. This is truly a one-of-a-kind home that puts you where many wish to be. With water access you can spend the days boating and fishing. This is a perfect hunting lodge for out of towners or fishing enthusiasts. This home is limited only by your imagination. NO HOA. No flood claims filed by current owner. BRING ALL OFFERS! *All descriptions, measurements and ALL zoning to be verified by Buyer and Buyes agent. Zoning may allow horses. Call Lake county for information regarding zoning and flood maps
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.
