306 N Mills Ave, Arcadia, FL 34266
2 beds · 2 baths · 1,488 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller agrees to buy down the buyers rate with a 1-0 rate reduction for the first year. This helps with having a lower interest and payment. With this and the price reduction, buyers will have a more appealing payment. come see this property. It's a Charming Home in Arcadia – Priced to Sell! This home and area give you the small town feeling which is getting harder to find in Florida. Features include: Close to Schools & most Amenities: Enjoy the convenience of being near local schools, shops, restaurants, events and community facilities. This two bedroom, two bathroom home can easily be a three bedroom home if you convert the den to another bedroom. Enjoy the large living room when relaxing or entertaining. Eco-Friendly Upgrades: Equipped with solar panels to help you save on energy costs. Modern Comforts: Includes a water softener system for improved water quality. Storm Ready: Hurricane impact windows for peace of mind during hurricane season. Parking: Two-car carport providing ample parking space with another entrance. Competitively priced to sell quickly! Needs some minor Cosmetic Work – perfect for those looking to add personal touches and do it your way. This charming home in the heart of Arcadia offers the perfect blend of convenience, eco-friendly features, and potential for customization. Situated close to schools and most amenities, it provides easy access to daily necessities. The addition of solar panels and a water softener system enhances both the environmental footprint and the comfort of the home. Safety and security are prioritized with hurricane impact windows, and the two-car carport ensures plenty of parking space. While the home does need your personal touch, this presents a fantastic opportunity for buyers to infuse their style and truly make it their own. There are plenty of local activities nearby including camping, hunting, boating, fishing, golf, horseback riding, etc. Investors welcome! Add this house to your portfolio. Don't miss out on this gem – it's priced to sell and waiting for you to call it home! Schedule your showing now!
Source: STELLAR #A4611146
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4611146
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.