4550 SE 50th St, Morriston, FL 32668
3 beds · 2 baths · 1,426 sqft sqft
Discover this delightful three-bedroom, two-bathroom home nestled on almost an acre of serene land. With new hardwood acasia flooring throughout, the cozy living room features a warm fireplace perfect for relaxing evenings. The kitchen offers plenty of cabinets and storage space, along with a nice bar area for casual dining or entertaining. Enjoy the spacious screened-in porch and back porch, both ideal for gatherings and outdoor enjoyment. The garage has been thoughtfully converted into a versatile workout space with a split unit but can be easily reverted back to a garage. The property also boasts a three-stall enclosed parking area, providing ample room for vehicles and additional storage, all equipped with water and power. Recent updates include a new HVAC system, windows replaced in 2019, and a durable metal roof that's just 10 years old. Plus, benefit from lower taxes in Levy County. Outdoor enthusiasts will love the easy access to the Wacassa River, with the nearest boat ramp just 1.8 miles away. Henry Beck Park and Goethe State Forest are also nearby, offering endless opportunities for recreation and exploration. Cedar Key is only 30 minutes away, providing a perfect escape to the coast. This home is centrally located, offering a secluded feel while being close to many popular towns within 30 minutes. Combining modern updates with ample space and convenience, this adorable home is a perfect retreat for nature lovers and families alike.
Source: STELLAR #gc523154
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc523154
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.
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: #gc523154