104 Ludwig Ave, Crescent City, FL 32112
3 beds · 1 baths · 1,028 sqft
Nestled in the country, where you can take a short boat ride on the St. John's River, or ride the golf cart down the street a couple blocks for a beautiful sunset dinner on the water, you will find this charming 3-bedroom, 1-bathroom home in Crescent City, FL. This town is well known for its rich history and scenic beauty along the western shore of Crescent Lake, a 15,000-acre natural freshwater lake. Salt Springs is also just down the road, along with many parks, walking trails and other lakes nearby such as Lake George. Whether fishing, walking, golfing, boating or just relaxing is your hobby, you will be able to have the best of all worlds and then some. Property Highlights include concrete block construction with a durable metal roof. Extra lot included for added space and convenience of parking your boat or RV, right at home. You have direct access to the St. Johns River just a block away, with access to a covered boat dock, boat ramp, and trailer parking conveniently located right next to the boat ramp. No HOA or CDD, so you can enjoy the freedom of rural living. Lots of nearby attractions such as Crescent lake, which good for fishing, boating or water recreation. Airboat or Gator Charters nearby. Many parks such as the Welaka State Forest, Fletcher Park, the Rooterville Animal Sanctuary, and golfing at the Oaks or Pine Lakes Golf Clubs. Where can you find a golf cart community with all these added amenities and extras? Right here! Hurry, before this rare opportunity to own a slice of Old Florida Charm with unbeatable River and Lake Access is gone! Don't miss out! Schedule your private tour today!
Source: REALMLS #2071163
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: REALMLS #2071163
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 620, 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.
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