3183 Wilderness Dr, Middleburg, FL 32068
4 beds · 3 baths · 1,996 sqft
If you' re looking for peace and quiet, don't miss out on this home located in McRae Landing. Enter from the welcoming cobblestone front porch through the French doors into a spacious open floor plan. The large living room, outfitted with gorgeous hardwood floors, vaulted tongue in groove ceilings, and a cozy fireplace, is perfect for entertaining guests. The left side of the house contains a hallway with two large bedrooms and a full bath. Also off to the left of the living room lies the original large master bedroom suite. with a full bath and walk-in closet. To the right of the living room, cook in the renovated kitchen with oversized, upgraded appliances and a farmhouse sink, while the family gathers around the huge center island or relaxes in the combination Florida room and dining room, filled with natural light. From there, guests and family members alike will feel at home in the newly added enormous second master suite. complete with a freestanding tub and luxurious shower, as well as an oversized custom closet. Perhaps the most appealing aspect of the house as far entertaining goes, is the sprawling backyard. Enjoy a dip in the gated refreshing pool, or have a drink with friends in the unique, screened-in tiki bar, while still having plenty of grass and foliage for the kids to run and play. RV hookup is also available in the backyard.
Source: REALMLS #2053590
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2053590
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: #2053590
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.