5100 Cedarbrook Ln, Hernando Beach, FL 34607
3 beds · 2 baths · 1,818 sqft
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Direct Gulf Access 3 story home in Hernando Beach with impressive front entrance and beautifully beveled impact resistant double doors. Updates- new roof 8/2019, all bathrooms remodeled 2018, gutters installed 3/2019, exterior paint 2024, breakaway walls resealed 2024, 3rd floor AC 2017, new bedroom carpet 2023, interior paint 2023. The dock railings were replaced in 2024. This 3/2 wonderful home has 12' ceilings, great water and salt marsh views, a dock for boating out to the Gulf (with no bridges), a fenced backyard for your fur babies and covered and screened porches on the 2nd and 3rd floors. There is a propane fireplace for an occasional cool winter morning and ceramic tile flooring in all rooms but the bedrooms. The kitchen has a propane cooktop, corian counters and a double oven for the cook in your family. The first floor walls are Durock (cement board with mold resistant properties) and are breakaway. The garages can hold 2 cars and toys like golf carts and jet skis. All windows have shades and sliding doors have draperies with sheers. Dock recently refurbished. Dreaming of having a glass of wine at sunset or coffee in the morning on the water? Your 3rd floor patio off of the master awaits! Survey and Elevation Certificate are available and this home is in the AE flood zone for LOWER flood insurance rate of $599/yr.. This home has had maintenance on a regular basis and updates- for today's lifestyle. Come see today- with over 1800 sf., it tends to be one of the larger homes on stilts and provides privacy with the 3rd floor master suite. Architectural/building plans are available. No HOA.
Source: STELLAR #TB8356599
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8356599
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.