106 Waterwood Dr, Yalaha, FL 34797
3 beds · 2 baths · 1,562 sqft
Nestled in the desirable Waterwood community, located on the southern shore of Lake Harris, this beautifully maintained 3-bedroom, 2-bathroom home offers the best of Florida living with direct access to the renowned Harris Chain of Lakes. Enjoy endless boating, fishing, and waterfront dining opportunities right from your doorstep. Whether you’re cruising on the interconnected lakes, exploring the scenic St. Johns River, or catching a breathtaking sunset, this home is truly a boater's dream. Step inside to discover 1,562 sq ft of inviting living space. The open-concept layout is perfect for both family living and entertaining. The upgraded kitchen features newer appliances and flows seamlessly into the bright, airy dining and living areas with beautiful hardwood flooring. The master suite offers a private bath with a walk-in shower, while the two additional bedrooms, one of which can easily function as an office, provide ample space for family or guests. Modern touches like all walk-in showers and newer carpet add to the home’s appeal. Enjoy outdoor living with a screened-in back porch that overlooks a large, partially fenced backyard backing up to a serene preserve. The backyard also features a brick patio with a fireplace, perfect for outdoor gatherings. Mature trees and landscaping create a charming, tranquil space. Additional highlights include a 2022 roof, rain gutters with mesh guards, inside laundry with ample storage, and a large driveway that can accommodate multiple cars. The brick and concrete exterior further enhance the home’s durability and charm. As a resident of Waterwood, you’ll enjoy exclusive access to fantastic amenities, including a clubhouse, fishing pier, pool, lakeside fire pit, private boat ramp, boat slips, and Boat/RV storage. Whether you’re spending time on the lake or relaxing in your private retreat, this home offers an unparalleled lifestyle. Don’t miss this rare opportunity to own a piece of Florida lakefront living in the peaceful, picturesque Waterwood community!
Source: STELLAR #O6288471
Financials
Source: STELLAR #O6288471
Source: Public records
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%. 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.
Other resourcesWhat 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.
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