1101 WOODCREST AVE, Inverness, FL 34453
This beautiful MOVE-IN READY home is located just minutes from downtown Inverness,FL. This 4 bedroom 2 bath home has been totally remodeled over time and shows very well...and a brand new roof was just installed this month, July 2024! As you walk in the front door the first two things you notice are the stunning kitchen and the amount of space this open floor plan has to offer. The kitchen has white shaker cabinets, granite countertops with matching tile backsplash and all stainless steel appliances. The home has been recently painted inside and out. There is luxury vinyl plank flooring throughout the home and newly installed tile in both bathrooms. The spacious master bedroom has a large walk in closet with a beautiful barn door that accents the room. The master bedroom has its own private bathroom with a double sink vanity and a nicely tiled walk in shower. This is a split plan home with two large bedrooms on the opposite side of the house, share a newly remodeled bathroom. This bathroom has a double sink vanity and a tub/shower combo. The 4th bedroom has a walk in closet and french doors leading out to the living room, which could be used as an office. There is a nice double pane sliding glass door that leads to the back porch which is completely enclosed with a screen enclosure...great place to grill and relax. The back yard is very spacious and completely fenced in. This home is move in ready and has a lot to offer and will not last long... Come take a look
You may be able to put down less than the total down payment amount of $93,229 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: #o6221853
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.