309 N Hernando Ave, Arcadia, FL 34266
5 beds · 2 baths · 1,824 sqft sqft
Do you need a large 5 bedroom 2 bath home, on a corner lot in the city. Maybe you need space to work from home with office areas. There is a bedroom on every corner of this home, giving space and privacy to family members or workspaces. Tile floors throughout the home. Walk in pantry just off the kitchen. Also has a 2 bedroom 1 bath detached apt for parents, guest or friends. Even more amenities with a 24x32 garage/workshop with 2 overhead garage doors. This garage has plenty of storage space for all your recreational vehicles, lawn mowers, and tools! The main house offers a terrific open floor plan, graciously accommodating the separate but adjoining dining area and well-equipped kitchen with large island, ready for every day meals, homework, or a holiday buffet, all a part of the spacious living room, that welcomes you the moment you step inside the home. This home was designed with your family in mind! Plus it has a spacious backyard with privacy fence and room for a pool or that garden you always wanted! A pleasant 10x24’ covered deck open to the large back yard, great for grilling, chilling, or just plain fresh air enjoyment for the whole family. The front yard beckons you to create your own favorite Florida landscaping enhancements to make this home joyously reflect its own loveliness. Close to schools and medical services, Wal-Mart and Publix of course! Wawa and new eateries as well. A growing community offering great fun and opportunities for every member of the family. Try antiquing downtown, or have fun canoeing on the Peace River, thrill at the All-Florida Championship Rodeo, develop personal leadership skills and cultivating next generation agri-business in the DeSoto County 4-H Clubs. Here it is! Make your appointment today! All offers are appreciated.
Source: STELLAR #c7496942
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7496942
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: #c7496942
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.