24141 Mondon Hill Rd, Brooksville, FL 34601
3 beds · 2 baths · 1,130 sqft
Charming Country Cottage on Mondon Hill Road. Nestled on a picturesque half-acre of fully fenced agricultural land, this delightful country cottage offers both tranquility and convenience. Located on the desirable Mondon Hill Road, this charming property is just a short distance from the vibrant downtown Brooksville, known for its arts, culture, festivals, restaurants, and shopping. This inviting home features two spacious bedrooms and two full baths, with the option to convert an additional room into a third bedroom, perfect for a growing family or accommodating guests. The open and airy living area boasts newer windows, allowing natural light to flood the space, creating a warm and welcoming atmosphere. The cottage has been updated with a new roof installed in 2019, ensuring peace of mind for years to come. The property includes a convenient one-car garage, providing shelter and security for your vehicle. Ample Storage and Outbuilding For those who need extra storage space, this property includes an outbuilding that can accommodate all your storage needs, whether it's for gardening tools or outdoor equipment. Perfect Location: Enjoy the best of both worlds with this serene country setting and proximity to downtown Brooksville. Embrace the local culture and community with easy access to festivals, dining, and shopping, all just moments away. Don't miss your chance to own this enchanting cottage on Mondon Hill Road. Schedule a viewing today and discover the perfect blend of country charm and modern convenience
Source: STELLAR #w7870501
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7870501
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: #w7870501
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.