2788 N Crede Ave, Crystal River, FL 34428
3 beds · 2 baths · 1,351 sqft
SWEET SERENITY! This 3 BD/2 BA, 1351sqft home is quietly tucked away in a small, charming subdivision that offers a perfect blend of beauty and peace, yet less than a mile from the main thoroughfare to all the conveniences that Crystal River has to offer. Set back about 200ft from the road and surrounded by beautiful oaks and shade trees, the backdrop is set and your interest is piqued. The sleek metal roof and the vibrant colors of the home’s exterior make an inviting impression. Upon entry, the flow of the floorplan is both efficient and accommodating, while the vaulted ceiling, neutral colors and laminate flooring throughout provide a cohesive look. The freshly painted master bedroom boasts an ensuite with a walk-in closet and marble, garden tub. The kitchen features clean, simple lines with white cabinetry, plenty of countertop space, a peninsula, tiled backsplash and closet pantry. The dining area slider opens to an enclosed sunroom where morning coffee is savored, good books are enjoyed, and nature is appreciated. The sunroom opens to a LARGE 33’ x 49’ wooden deck which can then only lead to one place…THE POOL! A LARGE 18’ x 33’ above ground pool was installed in 2021. Plenty of room to move around on 1.22 acres, so don't forget your boat and all your toys! NO HOA & NO DEED RESTRICTIONS! As if it couldn’t get any better, this location is truly amazing; being situated just outside the city limits, short-term rentals (VRBO & Airbnb) are allowed. Two public boat launches directly into Kings Bay are less than 10 minutes away. Downtown Crystal River is about 5 minutes away for shopping and restaurants. Three Sister Springs and Hunter Springs Park are only 4 miles away for boating, fishing, beautiful nature walks & the only place to SWIM W/ THE MANATEES! A FREE 1-year HOME WARRANTY for PEACE OF MIND is OFFERED to the BUYER!
Source: STELLAR #TB8350043
Financials
Source: Public records
Source: STELLAR #TB8350043
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.