12301 158th Ter, Mc Alpin, FL 32062
4 beds · 3 baths · 2,072 sqft
Welcome to your homesteading dream, offering the perfect blend of country living and modern comfort. This property is fully fenced and cross-fenced with a large 36’x36’ barn providing a truly move-in ready home for you and your animals. Surrounded by privacy fencing and a durable concrete deck, the spacious 16’x32’ inground pool reaches 8 feet deep, offering plenty of room for both relaxing and diving. Near the pool is a large concrete pad and a gazebo that would be ideal for entertaining or adding more to your compound! Bring your fishing pole and enjoy your own fully stocked pond on the property, and a second pond for your animals. Part of this 4-bedroom, 3-bathroom home includes a private mother-in-law suite, which is great for extended family, guests, or, as it’s currently used, a home office and storage space. The mother-in-law suite has 3 rooms and a full bathroom giving you flexibility and room for creativity. The charming kitchen features live edge countertops, beautiful tongue-and-groove walls, and pantry. Many updates have been made recently including a brand-new roof, paint in and out, flooring, fencing, and more! You will often find wildlife roaming around as you enjoy the view from either porch or even the comfortable Florida room! Whether you're looking for a peaceful country retreat or a functional space for your animals, this property offers everything you need and more.
Source: STELLAR #GC526299
Financials
Source: STELLAR #GC526299
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.