12110 Palmetto Ct, Dunnellon, FL 34432
2 beds · 2 baths · 1,412 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Home at the END of The Rainbow; Waterfront Paradise with Dock, Boat & Luxe Upgrades! Welcome to your private waterfront retreat! This beautifully updated home offers the perfect blend of comfort, style, and riverfront living. Step inside to an inviting living room with a cozy gas fireplace and decorative ceiling fans throughout, keeping the air fresh and the vibe relaxed. Tile floors add durability and charm, while furnishings are optional, allowing you to move right in or style it your way. NO FLOOD ZONE The kitchen is a chef’s dream, featuring granite countertops, updated wood cabinets, tile backsplash, breakfast bar, cove lighting, updated appliances, and a large pantry cabinet—perfect for storage and entertaining. Dining Room French doors with inset blinds open to a spacious, temperature-controlled Lanai/Florida Room (50' x 8'), offering breathtaking river views. This versatile space is ideal for relaxing, dining, or hosting guests year-round. The master bedroom includes a private walking shower, while the guest bedroom is conveniently located next to a full bath with a tub/shower combo. Both bedrooms feature sliding doors to the Lanai/Florida Room, creating seamless indoor-outdoor flow. Step outside and experience an entertainer’s dream!. Start on the spacious composite wood deck with solar-lit stairs, adding both charm and safety as the sun sets. The 20' x 20' covered grilling and dining patio is ideal for outdoor meals, gatherings, or quiet evenings, no matter the weather. Right next to the patio, a versatile storage shed offers multiple possibilities—it can serve as an outdoor kitchen, workshop, or provide convenient storage for all your outdoor gear. Follow the stairs down to a beautifully paved dockside patio, the perfect spot to take in the views, gather around the firepit, or relax with friends and family. At the water’s edge, you’ll find a private boat dock complete with a covered boathouse and lift—a dream setup for boaters and water lovers. Best of all, a 2010 16' pontoon boat with a 25HP 4-cycle motor is included with the sale of the home, so you can hit the water from day one. This exceptional outdoor space offers the ultimate in waterfront living—blending comfort, utility, and natural beauty for a lifestyle you’ll love year-round living and boating on Rainbow River with access to Withlacoochee River and Lake Rousseau. Newer Roof 2023 and New HVAC! Additional features include: Coat Closet, knock down ceilings, interior laundry room, 2 car garage and 20x4 enclosed storage shed. This waterfront gem checks every box for Florida living—relaxation, recreation, and room to entertain. Don’t miss your chance to own a piece of paradise!
Source: STELLAR #G5095247
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5095247
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.