1589 SE 44th Pl, Bushnell, FL 33513
3 beds · 4 baths · 3,122 sqft sqft
There are many beautiful homes to choose from; but it's rare to find a home that exudes this kind of character. This is a home with distinct qualities that separates it from other beautiful homes... a “Trophy” home. Designed with immense love and attention to detail by an architect and interior designer as their personal dream home... a Mediterranean Villa and Equestrian Estate. There are many interesting elements to this home, for instance the metal work was salvaged and restored, a nearby mill produced the wood floors from local cypress trees. The porch beams and details were also locally cut and detailed at the same local mill. The tile is hand painted, the metal work below the kitchen marble bar is custom crafted, the kitchen ceiling is hand painted, the outdoor fireplace has imported European tile. The tile above the window arches coordinates with the pool tile. So much thought and love was put into this home. You have a 48 ft pool that leads you to the barn that becomes an extension of the home, also built in the same Mediterranean style. HOme was built as handicap accessable. Let's jump to the alter ego of this property – The ten acres of no climb and board on board fencing, 5 paddocks (all have shade trees), concrete block barn with five 12x12 stalls (2 having run outs), cross ties, large covered wash area, 13x14 tack room fully finished, sink, washer and dryer hookups and half bath and a feed room. You have plenty of room for a Dressage arena, Hunter Jumper, Roping or pleasure riding the quiet rural area. There is a second pole barn for equipment, more stalls or other livestock. You have freedom to raise goats, cows, sheep, chickens and vegetable garden – let your imagination run wild. If you are not a horse person, the barn can be converted to office, or storage for cars, motorcycles, workshop... whatever you desire. This is the best of both worlds, you get to live in a work of art, then step outside to immerse yourself in nature. If you work from home don't miss this one.You can have an office upstairs or in the second owner's suite as it already has a built in desk and storage, on beautiful days work on the back porch. You are 54 minutes to Tampa, 43 minutes to Ocala and 59 minutes to Orlando. This is truly a rare “Trophy” property, you will be grateful that it is yours.
Source: STELLAR #o6235087
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6235087
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: #o6235087
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