2645 STAFFORD FARM BLVD, Jay, FL 32565
This incredible property will BLOW YOU AWAY! Sitting on a fully fenced, corner acre in an non HOA neighborhood, this home and yard is an oasis, unto itself! The sellers have spared no expense or effort, in making this home a resort AND a homestead! The best of everything to make life easy and enjoyable, has already been installed, planted, planned, and well thought out! Inside this magnificent home, you'll find updated appointments, as well as ease of living. In the kitchen, there is miles of gorgeous granite, tons of cabinets- and the matching stainless steel appliances have been all installed, in the past year- and the sellers have purchased a propane tank, to fuel the stove! No leased tanks, to worry about, here! All the bedrooms are large, with large closets and plenty of natural light- there is even a "mother in law" wing, with it's own private bathroom. There is a cozy den, with an electric fireplace; there is also another larger "great room', that can be seen from the dining nook, that the sellers opened up, for an open concept. This room opens out, into a recently screened in porch- and what follows is something, from a dream. There is a new 14,000 gallon sparkling saltwater pool, new gazebo, and your own tropical Garden of Eden! No exaggeration. The sellers have planted cherry and citrus trees, grapes, figs, berries, apricots- too many, to name, here. There is even a chicken coop, with laying chickens! You'll also find a 1200 gallon water harvester, a 50 AMP outlet for the greenhouse and shed/RV hook up; there is also a whole house generator hook up. where you can install a generator that can run on propane OR diesel. There is so much to love, about this property; schedule your showing soon, before its gone!
You may be able to put down less than the total down payment amount of $328,994 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #652052