4823 MAHOGANY BLVD, Bunnell, FL 32110
Welcome to country living at its finest in this charming 3-bedroom, 2-bathroom manufactured home. Nestled on a spacious 3.3-acre lot, this property boasts a brand-new metal roof and numerous upgrades designed to enhance your comfort and lifestyle. The home features a delightful covered front porch, perfect for enjoying the serene beauty of the countryside with a morning coffee or evening relaxation. The land surrounding the home is completely cleared and ready for your vision, with tons of new dirt added, making it ideal for building additional structures or creating the farmstead of your dreams. This agriculturally zoned property offers ample space for all your needs, whether it’s parking for four-wheelers, SXS, boats, heavy machinery, or accommodating your beloved farm animals. Horses, chickens, goats, and cows are all welcomed here, making it a perfect haven for animal lovers. Experience the freedom and tranquility of rural life while still having the convenience of modern amenities. This property provides an excellent opportunity to cultivate a self-sustaining lifestyle, with plenty of room for gardens, orchards, or any other agricultural pursuits you envision. Don’t miss the chance to make this versatile and inviting country home your own. Embrace the spaciousness, fresh air, and natural beauty that this property offers. Whether you’re seeking a peaceful retreat or a vibrant homestead, this 3/2 manufactured home on 3.3 acres is ready to welcome you. Come and explore the possibilities that await in this idyllic country setting.
You may be able to put down less than the total down payment amount of $174,099 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: #v4937392
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.