10346 SE 178th St, Summerfield, FL 34491
2 beds · 1 baths · 768 sqft
Looking for the perfect winter retreat or a full-time residence in a vibrant 55+ active retirement community? Then, look no further! This 2-bedroom, 1-bathroom home has been impeccably maintained inside and out, spotlessly clean and is being sold TURN KEY! Fully furnished, complete with all the home essentials! All appliances included...even the washer and dryer and a GOLF CART (your go-to mode of transportation in the community)! Plenty of room for your car and golf cart in the oversized garage with an extra refrigerator included. NEW ROOF installation will be completed by Christmas and the A/C was replaced in 2022. Nothing to do here except move right in! Play cards in the fully enclosed Florida Room at your own poker/card table (yes, it's included too). 2 spacious and fully furnished bedrooms with large walk-in closets. Dine in your well-appointed kitchen with all the appliances included. Catch all your favorite tv shows in your fully furnished cozy living room, complete with the TV! This gem is located in the desirable 55+ gated community of Spruce Creek South. It is conveniently located close to THE VILLAGES and Ocala where you'll find an abundance of shopping, restaurants, entertainment, medical facilities and more. Spruce Creek South offers a 24-hour manned as well as gated entrance, community pool, club house, on-site restaurant, tennis courts, fitness center and many more activities that are all included in your low monthly HOA fee. RV parking and optional golf memberships are also available. Don’t wait—schedule your showing today and start living the Florida lifestyle!
Source: STELLAR #om691341
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om691341
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #om691341
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.