5330 SE 128th Ter, Morriston, FL 32668
4 beds · 3 baths · 2,219 sqft
Rustic Elegance Meets Tranquility – Stunning Eastern Red Cedar Log Cabin-Style Home. Nestled among the trees on a fenced 5.23-acre corner lot, this breathtaking Eastern Red Cedar log cabin-style manufactured home offers the perfect blend of rustic charm and modern comfort. Just a short drive from the World Equestrian Center, Back Prong, Ocala, and Gainesville, this serene retreat is ideal for nature lovers and those seeking peaceful country living. Step outside and take in the beauty of the surroundings from one of three spacious decks, relax beside the tranquil koi fish pond, or unwind in the screened-in gazebo. An above-ground pool provides the perfect spot to cool off and enjoy the outdoors. Inside, this 4-bedroom, 3-bathroom home boasts 2,219 square feet of inviting living space. Skylights in select bathrooms bring in natural light, adding warmth and an airy feel. This home includes stainless steel appliances, a washer and dryer, a new well pump and bladder tank, a new water heater, and a recently replaced 5-ton A/C and heat pump for year-round comfort. For those who need storage and workspace, the property features a 24x36 garage/workshop on a cement slab with power, a 12x24 storage shed, a 20x20 metal carport, and a crushed granite gravel driveway and parking area. Enjoy even more outdoor living with three additional decks off the kitchen, laundry room, and master bedroom, providing multiple spaces to take in the peaceful surroundings. The 10x20 front deck and a separate 12x12 metal gazebo add even more options for relaxation and entertainment. The roof was installed in 2018 and provides durability and peace of mind. Don’t miss this rare opportunity! Contact us today for more details or to schedule a private showing. Disclaimer: Home square footage, taxes, lot sizes, and schools; MH width and straps under the manufactured home and septic are to be independently verified, including any inaccurate descriptions.
Source: STELLAR #S5122201
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 #S5122201
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 of Equal Opportunity Act.