21406 SW Plantation St, Dunnellon, FL 34431
3 beds · 2 baths · 1,472 sqft
Central & peaceful - Charming well maintained 3 bedroom 2 bath home with 2 car garage and large screened porch, with over 2500 sf under roof sits in a growing community just minutes to Downtown Dunnellon offering tons of shopping, dining, and entertainment opportunities. Step inside this spacious home and you'll find the open airy split plan featuring: tile foyer; living room with cathedral ceilings; dining area; updated eat-in kitchen with granite, newer appliances, tile backsplash, pantry, and new lights; master with his and her closets & glass enclosed walk-in tile shower; 2 spacious guest bedrooms; guest bath with linen closet and access to the huge screen enclosed porch overlooking the gorgeous backyard with 2 large sheds and an open patio perfect for grilling/entertaining. Rainbow Lakes Estates is a family community, no HOA fees, the community offers lake access with a dock, boat slip, playground, shuffleboard, community center, baseball field, picnic tables, a gym that is available for the household at $50r/ year and so much more. For convenience located at entrance to the neighborhood is a gas station, restaurant, and convenient store. The home is located 15 minutes from downtown Dunnellon, with antique shops, community events, doctors, restaurants, shopping, Rainbow Springs State Park, Rainbow & Withlacoochee River access, Blue Run Park w/trails that lead all the way to Tampa. The World Equestrians Center & Ocala are a 20–30-minutes' drive. Many opportunities nearby for for Golfing, fresh or saltwater fishing, and many parks. Easy drive to to Daytona Beach, Orlando, the Gulf of Mexico, Tampa, or Gainesville. A great opportunity awaits in this perfectly positioned, move-in ready home!
Source: STELLAR #om687991
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om687991
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: #om687991
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