16300 SE Highway 42, Weirsdale, FL 32195
3 beds · 2 baths · 1,512 sqft
Welcome to this exclusive Hobby Farm nestled on 8.41 Acres! The newly renovated 3 Bed/2 Bath Double Wide Manufactured Home offers a unique blend of comfort and the peaceful beauty of its surroundings. Rejoice in the tranquility of country living without sacrificing convenience. Located just 5 minutes from Lake Weir, Eaton’s Beach, and a short 15-minute drive to Ocala and The Villages. The home is well-protected with a metal roof, ensuring longevity and low maintenance. Open floor plan with split bedrooms, cathedral ceiling, new vinyl plank flooring, inside laundry, great room and formal dining room with bright natural lighting. The well-appointed kitchen boasts; ample cabinetry, island bar counter, and newer appliances. The French doors lead to a large wooden deck and above ground pool perfect to unwind and immerse yourself in scenic views of nature. Perimeter fenced, the outdoor space bolsters a sense of privacy, harmony and sustainability. Escape through the gently rolling hills and discover your very own zip line, duck pond, and fruit garden. Enjoy a bountiful harvest straight from your yard filled with apples, pears, bananas, mulberry, fig, loquat, watermelon, passion fruit, pigeon peas, walnut & pecans, grape vines, cherry, Jamaican strawberry, and shampoo ginger. Exterior features include; a 30x14 prefab shed converted into a guest room plus three utility sheds offering additional storage space. Barn features consist of; a 3-stall pole barn, 12x10 open shed, chicken coop and 6 paddocks. Zoned A-1, this property affords numerous possibilities for personal and agricultural production, cattle or horse farm if desired. This remarkable property isn't just a home; it's a lifestyle. Whether you're seeking serene countryside living, room for your livestock, or versatile acreage, every corner of this homestead invites peace and natural beauty. Schedule your showing today! NO HOA, NO Flood Zone!
Source: STELLAR #OM685055
Financials
Source: STELLAR #OM685055
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.