418 S Minstrel Ave, Inverness, FL 34450
4 beds · 2 baths · 2,004 sqft
This delightful single-family home, nestled on over 1.5 acres of land, offers an expansive living space of over 2,000 square feet, ensuring that comfort and roominess go hand in hand. Built in 2002, the home features three spacious bedrooms, plus an office, and two well-appointed bathrooms, all on a single floor, making it ideal for both relaxation and convenience. NEW ROOF 2024, HVAC 2019 As you step inside, you are greeted by a sense of openness. The living room creates a welcoming atmosphere that’s perfect for entertaining or quiet evenings. Adjacent to the living area, the kitchen provides both functionality and style. Outfitted with BRAND NEW STAINLESS STEEL APPLIANCES including an oven, a large chef's dream gas stove, refrigerator, and dishwasher, it’s a space designed for culinary creativity. The nearby dining room ensures that every meal can be enjoyed in a comfortable, designated area. The master bedroom offers a tranquil retreat, complete with a walk-in closet for all your storage needs. The en-suite bathroom enhances this space, ensuring privacy and convenience. The two additional bedrooms boast their own built-in closets and share the second bathroom, which continues the theme of comfort and style throughout the home. Laundry chores are made easier with a dedicated laundry room inside the home, bringing additional convenience to everyday living. Stepping outside, the property is surrounded by natural beauty on its 1.53-acre lot. The extensive outdoor space offers endless possibilities for customization, from creating a garden oasis to designing a personalized outdoor living area. The property includes a two-car attached garage and a STORAGE SHED, providing ample space for parking and additional storage. The property has over 150 feet of canal frontage which leads out to Princess Lake to the South and Lake Rousseau to the North, making it ideal for those who enjoy nearby outdoor activities. The home offers a peaceful retreat from the hustle and bustle, with a solid foundation and great potential for creating your dream outdoor space. This home truly embodies comfort and space, with all the necessary modern amenities for a comfortable lifestyle. Whether you're looking for a serene place to unwind or a spacious home to entertain, this property offers the perfect canvas for your future.
Source: STELLAR #w7867811
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7867811
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: #w7867811
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.