15140 Bailey Hill Rd, Brooksville, FL 34614
5 beds · 2 baths · 2,220 sqft
Welcome to your dream home nestled on 2.5 serene acres in the tranquil area of Brooksville. This spacious 5-bedroom, 2-bathroom residence offers the perfect blend of comfort and versatility. With a little TLC, this home would be ideal for families or those who love to entertain. As you enter through the gated entry, you'll be greeted by a welcoming atmosphere that extends throughout the home. The master suite is a true retreat, featuring a generously sized walk-in closet (9'x8') and a master bathroom with a garden tub, separate shower, and recently epoxied countertops for a modern touch. The heart of the home is the spacious eat-in kitchen, complete with stainless steel appliances, epoxied countertops, and a unique pass-through area, currently home to an aquarium. Adjacent to the kitchen is a large dining room, which can easily be converted into a family room, den, or play area to suit your needs. The additional bedrooms are situated at the back of the home, offering privacy and space, each with large walk-in closets. For movie lovers, part of the porch has been cleverly transformed into a cozy movie theater, complete with seating and a projection screen. Outdoor enthusiasts will be delighted with the two ziplines on the property, adding extra thrills to your peaceful surroundings. The home also includes a carport and a 10'x16' shed for additional storage. Key features include: New roof to be installed prior to closing AC (2018) with NEST Smart Thermostat VINYL FLOORING throughout - NO CARPET! (2016) Tub/shower in the second bath (2018) WATER HEATER (2017) Stone fireplace, perfect for cozy gatherings Whether you're hosting family get-togethers or enjoying a quiet night in your luxurious master suite, this home offers something for everyone. Don't miss the chance to make this versatile and inviting property your own!
Source: STELLAR #w7867780
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7867780
Source: Public records
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: #w7867780
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.