205 Josephine Ave, Fruitland Park, FL 34731
4 beds · 3 baths · 2,142 sqft sqft
What a great place to call home in this 4 Bedroom, 3 Bath Home, and an Office Space this office space could be used as a 5th Bedroom. You will also enjoy in this home the full house 15Kw Generac generator. Enjoy a great above-ground pool with a new liner installed in 2024 with the family. The In-Law suite has its own private access, this private area has a full kitchen, bedroom, and bath. You will feel right at home in this chef's kitchen that has been upgraded with, cabinets, and granite countertops and appliances in 2017, updated in 2019 Roof, HVAC, and Hot water heater. With no HOA storing your boat or trailer is not a problem. Shopping and Dining are just a few minutes away. The backyard has a 10 x 14 storage shed with private wood fencing. It's time to enjoy that family BBQ or start a fall garden today. You are within walking distance, of a great waterfront park, basketball, tennis, and ball field at the Veterans Memorial Park
Source: STELLAR #g5087626
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087626
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5087626