10 Jamaica St, Homosassa, FL 34446
3 beds · 2 baths · 1,488 sqft
BRAND NEW LVP FLOORING & TILE (in the entry way) 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.
Source: STELLAR #T3550830
Financials
Source: Public records
Source: STELLAR #T3550830
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.