3 Gingerwood Dr, Homosassa, FL 34446
4 beds · 3 baths · 3,145 sqft
Welcome to 3 Gingerwood Drive, where Florida living reaches new heights! This stunning 4-bedroom, 3-bathroom home, spread across TWO spacious lots, is a dream come true for those seeking the ultimate lifestyle in the sun. Step inside and be greeted by an open concept living area that seamlessly connects the living room, billiards space, kitchen, and dining area. Just off the foyer is a versatile home office that can easily serve as a fourth bedroom or a cozy den for quiet evenings. As you move through the living space, three sliding glass doors invite you out to an expansive lanai, perfect for indoor-outdoor living. The South Wing hosts a sprawling primary suite, complete with multiple closets—including a generous walk-in with ample room for all your accessories. The ensuite bathroom is a retreat, featuring a double vanity, a luxurious garden-style tub, and a custom-tiled step-in shower. Private access from the primary bedroom to the lanai adds to the convenience and resort-like feel. On the opposite side of the home, you'll find a mudroom/laundry room that leads to the oversized, three-car garage. This wing also includes a guest bedroom and bathroom, as well as a private in-law suite, which also opens to the pool and lanai through sliding doors. Step outside and discover your own tropical oasis. The lanai features a large, sparkling pool, a sauna tub, and a fully equipped outdoor kitchen—ideal for year-round entertaining. With both propane and solar heating, the pool is perfect for any season. The property also includes a new roof, a full-house generator, fresh paint inside and out, gutter guards, a new well pump, solar heater for the pool, fresh landscaping including rubber mulch and shells. An extensive list of upgrades is available, too many to list, offering even more value. The home sits on two lots and is equipped with city water and a private well for irrigation and pool maintenance. With all these luxurious features, motivated sellers, and a prime location, this property won’t be on the market for long! ASSUMABLE FHA MORTGAGE AT 3.25!!!!!
Source: STELLAR #t3500346
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3500346
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: #t3500346
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.