One or more photo(s) has been virtually staged. SELLER OFFERING $5K TOWARDS SELLER CONCESSIONS UPON ACCEPTABLE OFFER!!! ONE HOME FITS ALL! Whether you’re a growing family, a generational family with an active parent/in-law who loves their freedom to come & go as they please, an investor looking to expand their portfolio or even a business owner looking for some office space! …ALL SCENARIOS ARE COVERED! This 3BD/2BA, 1684sqft home with its front efficiency room is the ace up your sleeve! It features a separate, private entrance, a small kitchenette area, full bathroom, laundry room, closets & its own mini split system for heating and cooling. This room, while currently being rented out as an Airbnb, can also be used as a master bedroom suite or an in-law suite. Your choice! The living room features a brick accent entry wall, WIDE crown molding and laminate flooring throughout. It opens to an incredibly light and bright 14’x10’ sunroom with plenty of windows with grids, a tiled ceiling and a French door that opens to the fenced backyard. There’s plenty of room for a pool or deck! The dining room slider floods the home with additional morning sun and opens to a tiled patio area. The galley kitchen boasts a function over form design style with tiled backsplash and plant shelves. The home was connected to public water in 2019. The existing well is non-potable but can be used for irrigation purposes. A NEW SEPTIC TANK & DRAINFIELD IN 2023 & A NEW 2.5gpm TANKLESS WATER HEATER IN 2024 ARE A BONUS! The roof & HVAC were replaced in 2014 and the electric service panel upgraded to 200amps in 2014 as well. And it just keeps getting better…conveniently ZONED PSO, which would open the possibility for professional/service/office space ONLY 1 MILE FROM THE SUNCOAST PARKWAY! All this tucked away on 1.5 lots totaling .4-acres, on a dead-end street, in the quiet subdivision of Marquette Village, where you can enjoy the freedom of NO HOA & NO DEED RESTRICTIONS! As if it couldn’t get any better, this location is truly amazing; being situated just outside the city limits where short-term rentals (VRBO & Airbnb) are allowed. Oh, and best of all, don't forget your boat! You’re only minutes from the iconic Crystal River and straight out to the Gulf! A public boat launch directly into Kings Bay is only 6 minutes away. Downtown Crystal River is about 4 minutes away for shopping and restaurants. Three Sister Springs and Hunter Springs Park are only 3 miles away for boating, fishing, beautiful nature walks & the only place to SWIM W/ THE MANATEES! FREE 1yr home warranty is OFFERED for PEACE OF MIND to the buyer!
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.
