3 GINGERWOOD DR, Homosassa, FL 34446
Welcome to 3 Gingerwood Drive, Florida living at its finest! This 4-bedroom 3-bathroom home, situated on TWO LOTS, has everything one could need for a lifetime of fun in the sun. As you enter the home, you will find an open living room, connected to a billiards area, kitchen, and dining area. Just off the foyer, you will find a home office, that could easily transition to a fourth bedroom, or a calming den for some late evening reading. Straight ahead from the foyer and through the living area, you will find three sliders that open to a STUNNING lanai. To the South Wing of the home, you will find a massive primary suite. The primary suite includes several closets, one of which is a fabulous walk in with room for tons of accessories. Just through the closet area you will find yourself inside a primary bathroom, equipped with a double vanity, luxurious garden style tub, and a lovely custom-tiled step in shower. The primary bedroom also includes sliders, allowing easy access to the lanai and pool. On the other end of the home, you will find a mud room/ laundry room off the FULL SIZE three-car garage, with lots of pantry style storage. This side of the home also boasts a guest bedroom, a guest bathroom, as well as an in-law suite (with slider door access to the pool and lanai). Out back, this home has the lanai of your dreams. The lanai is accompanied by a large swimming pool, sauna tub, and an outdoor kitchen. The house also has a central vacuum AND an entire home audio system. This is what Florida living is all about. This home has a new roof, new entire home generator, new paint, inside and out, gutter guards and solar heater for the pool. An entire list of upgrades is available, too many to list! The pool is heated by propane OR solar, which allows YEAR-ROUND use of the pool! This house is a must see, and with a motivated seller this home won’t last long! Room Feature: Linen Closet In Bath (Primary Bedroom).
You may be able to put down less than the total down payment amount of $353,550 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: #t3500346