26231 Mountain Lake Rd, Brooksville, FL 34602
4 beds · 2 baths · 2,218 sqft sqft
Location, location, location! This is a rare opportunity to own a 5-acre custom-built multi-level pool home with a stone woodburning fireplace and separate tack room across the seasonal creek. The location allows you to enjoy the best of both worlds – serene seclusion and easy access to all you need. First, the tranquility of lake life is just a few feet down the street, offering access to the public boat launch. The secluded location is just 50 minutes from Tampa Airport and minutes away from shopping, restaurants, the vibrant life of downtown Brooksville, Golf Courses, and the many rivers, parks, and Withlacoochee State Forest. This pool home has a detached screen-enclosed heated pool with a cascading spa. The expansive backyard beckons with endless possibilities. Step inside the meticulously crafted 2.5-story home, where warmth and character abound. A grand stone fireplace anchors the living area, inviting cozy nights in. The practical kitchen is a chef's delight, while the screened front porch offers a serene spot to sip your morning coffee and embrace the beauty of your surroundings. This multi-level home has four bedrooms for privacy, an additional bonus room, and interior laundry, including an attached motorcycle garage with French doors. There are two sheds on the property. The roof was replaced in 2022 and has wind mitigation, and a four-point inspection ensures peace of mind, while the powerful 5-ton Trane air conditioner was replaced in 2016. The home has a whole-house water filter system, enjoy fresh, filtered water throughout the house. Be prepared for anything with the generator transfer panel and a brand-new well pump installed in 2024. Home has been recently painted and well maintained.
Source: STELLAR #w7866764
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7866764
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: #w7866764
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.