458 Sioux Blvd, Oak Hill, FL 32759
3 beds · 2 baths · 1,866 sqft
LAKEFRONT - Gorgeous three-bedroom, two bath home is nestled on a beautiful, landscaped lot and overlooks one of the largest lakes/ponds in the community. This spacious home features an open floor plan and is great for entertaining or just visiting with family and friends. The kitchen offers newer stainless-steel appliances, an upgraded kitchen sink, plenty of counterspace and a walk-in pantry. Enjoy spectacular sunsets and watch the abundant wildlife from the screened back patio. Other features include vaulted ceilings, laminate flooring throughout except kitchen and baths, a murphy bed in den/office and an oversized garage. The hot water heater was replaced three months ago and HVAC approximately five to six years ago. Some of the furniture is negotiable. All information deemed accurate, but not guaranteed. Lighthouse Cove is a beautiful, gated community with a large, heated swimming pool, newly renovated club house, pickle ball courts, shuffleboard courts, boat launch for shallow water boats, fishing pier and a recreational picnic area on the river. Lighthouse Cove has weekly events at the club house. Golf carts are a second means of transportation. Enjoy fishing, boating and shrimping on the Intracoastal Waterway. Don't miss out. A great opportunity to live in paradise!!! This home will not last long.
Source: STELLAR #NS1084155
Financials
Source: STELLAR #NS1084155
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.