21615 SW Raintree St, Dunnellon, FL 34431
2 beds · 2 baths · 964 sqft
Welcome to this beautifully 2-bedroom, 2-bathroom brick and vinyl sided home in Rainbow Lake Estates, offering in-door laundry, 964 square feet of cozy living space and a variety of thoughtful additions. Built in 1973, this charming residence has been well-maintained and thoughtfully upgraded for modern living. Upon entry, you’ll be greeted by a bright, welcoming living area with an abundance of natural light, creating a warm and inviting atmosphere. The kitchen is functional and efficient, perfect for preparing your favorite meals with all new stainless appliances. The two comfortable bedrooms offer plenty of room, with the master suite featuring an en-suite full bathroom for added privacy and convenience. The second full bathroom serves both guests and the second bedroom with ease. A standout feature of this home is the converted carport, transformed into a fantastic 11 X 18 finished workshop. Whether you're a hobbyist, crafter, or need extra space for projects, this area is versatile and ready for your personal touch. Enjoy outdoor living with a spacious 10 x 19 lanai, ideal for relaxing or entertaining. The screened-in lanai provides a perfect space to enjoy the fresh air year-round, free from insects. The fully fenced-in yard offers privacy with an additional shed and a secure space for pets or outdoor activities. Additional highlights include updated LVP flooring throughout, a 10 x 17 one-car carport for parking, roof 2018, doudle paned windows 2016, 2 solar tubes 2016, all new light fixtures and ceiling fans, new Ducane 2 ton HVAC 2024, No HOA. The property is located in a peaceful neighborhood, with easy access to nearby shops, dining, and schools. This home truly offers the best of both comfort and practicality. Don’t miss your chance to see it in person—schedule a tour today!
Source: STELLAR #OM695484
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #OM695484
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.