Welcome to your own private equestrian retreat just 8 miles south of Inverness! Nestled on 5 beautifully fenced and gated acres, this exceptional horse property offers the perfect combination of country living, comfort, and outdoor adventure. Whether you're an equestrian enthusiast, hobby farmer, multi-generational family, or simply looking for room to spread out and enjoy nature, this one-of-a-kind property delivers. The spacious 2140 square foot home features 3 bedrooms, 2 full bathrooms, and an inviting open-concept floor plan designed for both comfortable living and entertaining. The large living room flows seamlessly into the office area, kitchen, and dining spaces, creating a bright and welcoming atmosphere throughout. A stunning double-sided stone fireplace serves as the focal point of the home, providing warmth and character to multiple living areas. The kitchen features rich cherry cabinetry, Corian countertops, and ample storage and workspace for preparing meals and gathering with family and friends. A formal dining room offers additional space for holiday dinners and special occasions. Retreat to the spacious primary suite while the home's additional bedrooms provide plenty of room for family and guests. One bathroom features a luxurious jacuzzi tub, perfect for relaxing after a long day. Outdoor living takes center stage with a massive 14' x 40' screened porch accessible through two oversized 8-foot sliding glass doors. Step outside to the expansive 40' x 24' deck and partially in-ground pool complete with a shade sail, creating the ideal setting for entertaining and enjoying Florida's sunshine. For guests, extended family, or potential rental opportunities, the property includes a detached 20' x 12' guest/in-law suite complete with its own kitchen, half bath, and cable service. Horse lovers will appreciate the thoughtfully designed equestrian facilities featuring two barns with a total of 11 stalls, seven fenced pastures with water access, and quality four-board fencing throughout the property. The setup is ideal for boarding, training, breeding, or simply enjoying your own horses at home. The outdoor amenities continue with a charming gazebo, pergola, workshop, storage shed, and a unique treehouse connected by a 30-foot swinging bridge. The property also features mature fruit trees including peach, plum, olive, apple, grape, pomelo, lemon, tangerine, and kumquat. Additional features include a 2-car garage, 12' x 20' workshop, 10' x 12' storage shed, Spectrum fiber internet, multiple outdoor gathering spaces, and plenty of room for RVs, trailers, equipment, and recreational toys. Properties like this are hard to find, offering privacy, equestrian amenities, guest accommodations, and exceptional outdoor living. Schedule your private showing today and discover everything this extraordinary horse property has to offer.
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.
