10 JAMAICA ST, Homosassa, FL 34446
**Charming 3-Bed, 2-Bath Golf Course Villa in Sugarmill Woods**This Sugarmill Woods golf course villa is a well-maintained property with a range of appealing features. Step into a welcoming cheerful entrance that offers versatile use as a guest greeting room or a tropical garden atrium. This open floor plan includes: - **Two Bedrooms** with their own bathrooms, providing privacy and convenience. - **A Third Bedroom** on the opposite side, perfect for an office or multipurpose space. **Recent Updates:** - NEW electrical panel - NEW Hurricane CAT 4 sliders - NEW carpets (2022) - NEW AC cooling unit (2023) - Roof (2019) - Freshly painted interior - NEWish water softener (2022) - NEWish Pavers (2022) **Additional Benefits:** - Add Instant equity with an appraised value of over +10k than the asking price - Optional ADT contract - Home Shield coverage for a low fee - Low HOA fees **Community Amenities:** - Country club, exercise room, tennis courts, and golf membership - Nearby public boating ramp access, Freedom Boat Club, shopping, Walmart, and restaurants **Explore the Nature Coast:** - Crystal clear waters at Homosassa Springs Wildlife Park, Crystal River, and Weeki Wachee Springs State Park. - Enjoy activities like kayaking, boat tours, scuba diving, and family-friendly swim/beach areas. - Bicycling and walking on the Suncoast Parkway Trail, a 55-mile paved trail. Experience the perfect blend of comfort and convenience in this delightful villa, ideally located to enjoy the natural beauty and recreational opportunities of the Nature Coast.
You may be able to put down less than the total down payment amount of $86,304 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3550830
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.