VERY RARE OPPORTUNITY to own a LOG CABIN-STYLE HOME (3/2) + SALOON CABIN (1/1.5) + 3-Car Carport all nestled on 48 ACRES of incredible rolling hills that will make you feel like you’re in North Georgia + the property has its own NATURAL SPRING + multiple spring-fed winding creeks throughout the property!! 2 homes: 3,484 Living sq ft; 3,844 total. COMPLETE PRIVACY!! HUNTING!! Gated entrance + winding paved driveway that take you over the creeks and through the huge MAJESTIC Oak Trees that you cannot recreate for hundreds of years and then up to the hilltop where the large cabins set the stage + the property is mostly fenced + multiple sheds for storage + animal pens + a variety of fruit-producing trees for the farm-life or homesteading family!! The property can be subdivided for potential future value or a family compound!! All of this just 1-hour north of Tampa Bay!! MAIN CABIN: 3 bedrooms + 2 full bathrooms + stunning 2-story stone, wood/gas-burning fireplace + 2-story windows + wrap around balconies for outdoor living space for entertaining family and friends + an incredible amount of storage space in the unfinished basement!! Open floorplan with great room with high ceilings and large windows make the home feel very spacious!! 1,976 square Ft living space!! Large open kitchen offers granite countertops + upgraded real wood cabinets + large granite breakfast bar for extra seating + stainless steel appliances with gas cooktop and trash compactor + built-in oven and microwave!! Split floor plan for privacy for the master suite! The master has a large walk-in closet and GORGEOUS ensuite bathroom with stand-alone clawfoot tub, granite countertops, real wood cabinets, private toilet room, and stone walk-in shower!! Stone accent walls, detailed iron railing, GORGEOUS wood double front doors and French doors to the main balcony! Enjoy your morning coffee listening to nothing but the sounds of nature!! YOU DON’T SEE ANYONE AND NO ONE SEES YOU!! SALOON CABIN: Looks like something straight out of a western movie or a saloon in Montana!! Upstairs offers a living room + 1 bedroom + 1 full bath + half bath + kitchenette! You could make this in a 2-bedroom upstairs!! The downstairs offers an incredible open great room + saloon bar + game area + dining area + year-round indoor swim spa (stay fit and healthy)!! Great cabin for a short-term rental cabin for an extra income stream!! 1,508 sq feet of living space!! Most of the unique décor and furnishings come with the saloon cabin!! Great cabin for a short-term rental cabin for an extra income stream!! CARPORT: 3-car carport with extra parking for golf carts and RV parking with 30 amp. STORAGE SHEDS: There are several storage buildings situated on the property, to include a 13'x16' building with electricity, a 10'x20' shed with 2 lofts and attached 15'x20' enclosed on 3 sides covered barn, and a large 11'x28' log cabin style building with electricity and porch. THE LAND: UTV driving trails on the 48 acres, hiking paths to the spiring and to the creeks!! Endless opportunities with this rare and unique property!! It’s hard to find large parcels anymore and to find one that has 2 cabins and its OWN spring with two winding creeks…and a topography that will make you forget you are in Florida…is even more rare! You can clear some more land, add more buildings, build a treehouse for the family, add more parking, just have run making it your own!! Endless opportunities!!
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.
