20 Salvia Ct, Homosassa, FL 34446
3 beds · 2 baths · 1,587 sqft
Sugarmill Woods- This wonderful community is the perfect blend of city and country for those who want to enjoy a relaxed life at home while being conveniently located near desirable amenities. This 3 bedroom, 2 bath, 2 car garage, pool home is located on a secluded tree-lined street backing to a greenbelt. The Living room is inviting and flows into the dining area and is adjacent to the kitchen. This open floor plan allows for fun times with family and friends no matter what room you are in. The kitchen is truly the heart of the home and a dream come true for the gourmet cook or family gatherings with its wood cabinets, granite counters, stainless appliances, an island, and a breakfast bar. There are sliding doors that open to the outdoor living pool area. Perfect for entertaining. The Primary Suite is complete with an en suite bath and dual closets. The Primary Bedroom is light and bright with a large window overlooking the pool area and green belt beyond. The Primary Bath has a custom vanity and a water closet with a walk-in shower. The secondary bedrooms are spacious and share the hall bath. The outdoor living and pool area overlooks the green belt - a perfect place to soak up the Florida lifestyle. Close to all that the Nature Coast has to offer – near the springs with the resident manatees, biking, hiking, fishing, and parks. With the expressway nearby, Tampa and St Petersburg are a quick trip away. Sugarmill Woods is known for its fantastic optional golf, tennis, pool/gym packages & country club that provide a variety of fitness & social opportunities for all ages. Close to shopping, restaurants, and entertainment. Make your appointment to see this tranquil hideaway! VERY Motivated Seller!!!
Source: STELLAR #TB8339881
Financials
Source: Public records
Source: STELLAR #TB8339881
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.