18301 SW 69th Loop, Dunnellon, FL 34432
4 beds · 2 baths · 1,927 sqft
On a corner lot with just over an acre of land, this nearly new home combines elegance and practicality with its thoughtful design and premium features. In the sought-after Rainbow Springs community, residents enjoy direct access to the Rainbow River via a private, residence-only river park, just minutes from renowned Rainbow River. Inside, luxury plank vinyl flooring flows seamlessly throughout all living and common areas, while tile enhances the baths for a clean, modern look. The open floor plan offers a spacious, inviting atmosphere, complete with a dedicated dining room and a large kitchen island, ideal for entertaining and daily living. This home boasts four bedrooms and two baths, including a split bedroom layout and a walk-in closet in the main bedroom for added comfort. The large, covered lanai offers an ideal outdoor space to relax or entertain. Designed in neutral, pleasing colors, the home exudes warmth and sophistication. The kitchen features a stainless-steel appliance package, shaker-style cabinets and light luxury granite countertops, offering beauty and functionality. Additional amenities include an inside laundry room with washer and dryer hookups, and a water softener for the entire home. Complete with epoxy garage flooring and Comcast internet for high-speed connectivity, this home is a standout. Don’t miss the opportunity to own this beautiful property with its ideal blend of luxury, convenience and unparalleled community amenities!
Source: STELLAR #OM695887
Financials
Source: STELLAR #OM695887
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.
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