12321 SE 101st Ct, Belleview, FL 34420
3 beds · 2 baths · 1,593 sqft
Under contract-accepting backup offers. Move right into this Beautiful 3 Bedroom 2 Bathroom 2-Car Garage home perched high and dry in the Hills of Tuscany at Lake Weir Heights. Exceptional access in all directions from Belleview to Ocala/Dunnellon, The Villages, Orlando, Davenport/Kissimmee, and Tampa/St Petersburg. Plenty of room on this one quarter acre lot for all of your toys, and with world class springs, rivers, and lakes nearby, you'll be glad you have space for it all! Lake Weir Heights is a well-manicured community free from the pressures of an HOA and without the additional costs of CDD. Enjoy a low-maintenance lifestyle with vinyl and tile throughout most of the living area. The Primary Bedroom enjoys a Deep Walk-in Closet and Large private En Suite Bath. A True Split Floor Plan, the guest bedrooms are spacious and provide plenty of closet room. Wide-open floor plan with vaulted ceilings adds to the spacious and inviting nature of this incredible home. The AC is Nearly BRAND NEW! Installed in 2021, the 3-Ton 16 Seer Carrier HVAC provides incredible comfort during those warm Florida days of summer. Call *today* to schedule your private tour!
Source: STELLAR #u8254668
Source: STELLAR #u8254668
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #u8254668