10470 SW 132ND CT, Dunnellon, FL 34432
This turn-key property in the desirable Rolling Ranch Estates offers a stress-free move-in experience including no HOA or CDD fees. Skip the wait to build and time necessary to add all those additional exterior features you always want outdoors. Enjoy this well-maintained 3-bedroom, 2-bathroom home featuring a 2-car garage with sliding screen. The all-electric home boasts granite countertops in the kitchen and bathrooms, ceiling fans in the living room and all bedrooms, vinyl plank flooring throughout with carpet in the bedrooms, tiled shower (primary bath) and tiled wall surrounding tub (second bath), blinds on all windows, and all appliances are included: stove/oven, dishwasher, microwave, side-by-side refrigerator, washer, and dryer. Home is situated on a 75' x 125' corner lot and the outdoor living is enhanced with two paver patios, an 11' x 32' side patio with a propane firepit, and a 15' x 35' rear patio featuring three 10' x 10' pergolas. The fenced backyard (6' PVC fence) offers privacy, and a 12' side entry gate to park a motorhome or trailer in the rear. The property operates on a well and septic system, so no monthly water or sewer bills, and the well includes a water softening system. A detailed list of all interior furnishings and exterior personal property conveying with the sale will be provided. Don't miss out on this unique opportunity with quick availability! Seller is a licensed Real Estate Agent.
You may be able to put down less than the total down payment amount of $98,732 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: #tb8301846