18517 SW 27th St, Dunnellon, FL 34432
3 beds · 2 baths · 1,456 sqft sqft
This beautiful property sits on 2.38 unrestricted acres zoned A2, partially wooded, NO HOA! Quiet and peaceful country setting, yet close enough to shopping, restaurants and downtown Dunnellon. Meticulously cared for 2022 manufactured home, approx. 1,456 sq ft, 3 bedroom 2 bathroom move-in ready. Fully fenced perimeter to include 850 feet of 6’ white vinyl privacy fencing, separate black chain link yard behind home and three 12’ gates for complete front to rear access – lifetime transferable warranty for vinyl fencing. Underground power lines, large land and clearing improvements completed, lot seeded April 2023. Culligan whole house softener, carbon and sediment filter system with reverse osmosis in kitchen – comes with transferable service and warranty. New, upgraded lights, home fixtures and cabinet knobs throughout. Premium wood-look flooring throughout with brand new carpet in bedrooms. Huge walk-in pantry with storage, open concept living with large bedrooms and massive walk-in master shower, good size laundry room with storage area. Close drive to World Equestrian Center and all of Dunnellon and Ocala’s amenities, just minutes away from Rainbow Springs State Park and many other recreational activities, easy commute to I-75. Tastefully decorated and landscaped, a blank slate with endless possibilities! Offering one year home warranty with acceptable offers.
Source: STELLAR #om682704
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om682704
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: #om682704
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.