45749 CEDAR ST, Paisley, FL 32767
Attention: Price reduction. Owners are motivated. Escape to peaceful and tranquil countryside living with this affordable 3-bedroom, 1-bathroom home on a spacious .43-acre lot. This charming property offers an array of features designed for comfortable living and outdoor enjoyment. No HOA. Enjoy the freedom and lower costs with no homeowners association. Low property taxes add additional savings for the future homeowner. Interior Features: Living Room is bright and inviting with large windows allowing natural light to flood the space. Kitchen: Functional layout with newer appliances including a fridge, microwave, and stove. Bedrooms: Three cozy bedrooms with a split bedroom plan for added privacy. The master bedroom offers direct access to the screened-in porch, while Bedroom 2 features a private entrance to an uncovered patio with a privacy wall. Bedroom 3 includes a built-in office area, perfect for working from home. Bathroom: Well-maintained and conveniently located. Exterior Features: Expansive .43-acre lot provides a large yard for entertaining, gardening, or a potential pool area. Ample parking space for multiple vehicles. The Backyard is ideal for hosting gatherings, gardening, or installing a pool. Utility Shed: Located off the kitchen, housing washer and dryer hook-up. Additional Sheds: Three other sheds provide workshop space and additional storage. Approximately 572 Sqft of Open Porch: Potential to add an additional bedroom, create a Florida room, or establish a beautiful outdoor lounging area leading to the expansive backyard. A large front yard. Additional Features: include a new roof and well pump installed in 2023. Solar System: Installed in 2023, leased and assumable, reducing electric bills, and already equipped for connecting a generator and batteries. No HOA. Enjoy the freedom and lower costs with no homeowners association. Low property taxes add additional savings for the homeowner. This functional and versatile home is perfect for first-time homebuyers, small families, or anyone looking to invest in a property with potential. Don't miss out on this opportunity to own a piece of tranquility with plenty of room for customization and outdoor enjoyment. Schedule a viewing today and see all the possibilities this home can provide. For more information or to schedule a showing, please call or Text Greg Sizer.
You may be able to put down less than the total down payment amount of $122,564 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #g5084808
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.