1795 S Cove Walk, Inverness, FL 34450
2 beds · 2 baths · 1,172 sqft
Welcome to this WATERFRONT beautifully updated 2-bedroom, 2-bathroom, 1-car garage home offering 1,686 sq ft of comfortable living space. Situated on a boat-operable canal with direct access to the stunning Tsala Apopka Chain of Lakes, this home is perfect for water enthusiasts. Recent updates include a new AC, insulation, copper lines, thermostat and ducting in 2024. Also a roof installed in 2020 and updated windows throughout. The heart of the home is a spacious kitchen with modern appliances, complemented by wood inspired ceramic tile flooring that flows seamlessly throughout the home. The family room is a standout feature with an abundance of windows that allow tons of natural light and provide breathtaking views of the canal. The property also boasts an updated seawall and dock, complete with tiebacks every 8 feet which is ideal for docking your boat or enjoying waterfront activities. The large 14x27 garage offers ample space for storage or a workshop, providing both functionality and convenience. This waterfront gem combines modern updates with a tranquil location, making it the perfect retreat for those looking to enjoy both comfort and waterfront living. Property is within 5 minutes of downtown Inverness where you have access to restaurants, medical offices, grocery stores, hiking and outdoor festivals!
Source: STELLAR #OM692239
Financials
Source: STELLAR #OM692239
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.