1487 Gantt St, The Villages, FL 32162
2 beds · 2 baths · 1,196 sqft
HARD TO FIND VILLA – END UNIT WITH OVERSIZED FRONT ENTRY TWO CAR GARAGE IN A CONVENIENT AREA IN THE VILLAGE OF DUVAL AT ROSEDALE VILLAS. THIS HOME HAS BEEN UPDATED WITH NEWER CABINETS IN KITCHEN, CORIAN COUNTERTOPS, TILE FLOORS, (laid on diagonal) WITH DECORATIVE ACCENT IN DINING ROOM. WAINSCOATING AND CHAIR RAIL MOLDING, CUSTOM ORNAMENTAL TRIM FOR INTERIOR DOORS, PLANTATION SHUTTERS, CUSTOM WINDOW TREATMENTS FOR SLIDING DOORS,4” BASEBOARDS, LEADED GLASS ENTRY DOOR, FOYER 6 X 4. ALL POPCORN CEILINGS HAVE BEEN REPLACED. Kitchen has slow closing drawers, breakfast bar into dining room area and eat-in dinette area. Living/dining room has tile floors, cathedral ceilings, two sets of sliders going to outdoor living area. Master suite has 9’ walk-in closet, sliders to access back porch, walk-in shower, dual sinks. 2nd bedroom is a nice size with large wall closet, bath with tub/shower combination. Outside area is nice and private with wall for privacy, screened covered back porch with custom shades. TRULY A SPECIAL PROPERTY WITH GREAT CONVENIENT LOCATION CENTRALLY LOCATED BETWEEN BROWNWOOD SQUARE AND LAKE SUMTER LANDING. DON’T MISS OUT ON YOUR CHANCE TO OWN THIS LOVELY HOME. CALL TODAY TO SCHEDULE APT. TO VIEW.
Source: STELLAR #G5094044
Financials
Source: STELLAR #G5094044
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.
