Opportunities with this 3-bedroom 2 bath home w/ Large shop on 16.8(mol) Acres. Five total parcels. Must be sold all together. Are you looking for privacy, a retreat, a family compound, or want to bring your business home. Want to be on the Good Neighbor bike trail? This is the perfect property to make that dream a reality. Let’s start with the manufactured home that was built in 2021. This 3 bedroom, 2 bath home has 1,920 sqft. of space. The beautiful living room has lots of space for family gathering and Holiday get togethers. Birthday parties are a must. The kitchen offers all the modern conveniences you have come to expect, stainless steel appliances, farm sink, and more counter space than most restaurant kitchens. Primary bedroom features plenty of room to spread out and relax. This room features a huge walk-in closet. Primary bathroom offers a dual sink vanity, separate water closet, and a gigantic walk-in shower. This home boasts a Split floor plan. These two rooms are also plenty big with closets to store all kinds of goodies. Back porch measures 20x45 and is the perfect place to enjoy morning coffee and watch wildlife start the day. Pool parties would not have a better place to happen than this well laid out area. The home also has a 20x16 storage shed. Across the drive in a huge 6420 total square foot storage building. A great place to store your vehicles, expensive toys, or workshop. The total shop is 30’x214’ and the enclosed area is 4980 total sqft. It has 4 areas that are 10x10, one spot 8x8, one stall 16x13 and the last one is 20x13. Concrete floors measure about 6480 sqft. The possibilities are endless with this property. There is even a pond on the property. Try your luck on your own fishing spot. The covered dock is 20x36 and is a great place to enjoy sunsets and evening cocktails. There is another structure on the property that could be transformed into just about anything you could image. It was an old homestead that will need refurbishment. With this kind of acreage, anything is possible. There is even a 3.3-acre(mol) commercial piece of property that is included with this deal. Run your business from here. Owner financing available. The opportunities that this property affords is only limited to your imagination. Beautiful scenic landscape, close to major roads that connect you to shopping, entertainment, restaurants and yet far enough away to enjoy the private Brooksville countryside. ****Properties like this don’t come around very often, so act today as this will not last long. Make your appointment today!!**** Please verify all measurements, zoning and FEMA codes. Owner financing may be available.
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.
