5791 SE 122nd Ave, Morriston, FL 32668
3 beds · 2 baths · 1,782 sqft
CHRISTMAS PRICE DROP- MOVE IN FOR NEW YEAR!!! Quiet Country Getaway Waiting For You! Load Up the Horses and Head Out to This Immaculate MOVE IN READY 3 Bedroom, 2 Bathroom MH Nestled Atop 5 Acres In Desirable Morgan Estates! NEW ROOF 2023, NEW PRESSURE TANK 2023, NEW Compressor, Fan, and Thermostat for HVAC Unit! Welcoming Foyer Leads to the Fireplace Living Room and Wraps You In Warmth as It Opens to the Dining Room and Kitchen! Lovely Glass Display Cabinetry and A Bi-Level Island Awaits Family Gatherings and Festivities! French Doors to an Office/ Library/ Den with Wet Bar and Built In Cabinetry and Desk! Tons of Natural Light and French Doors Open to the Living Room. Lavish Master Suite Features Immense Walk-In Close and En Suite Bath with Double Sink Vanity, Jetted Soaking Tub, and Walk-In Shower. Comfortable Guest Quarters with 2 Bedrooms and A Full Bathroom. Laundry Room and Mud Room with Storage Off the Back Deck! Kick Back On the Front Deck Taking In the Beauty of Mother Nature! 2 Storage Sheds with Electricity, Fenced Garden Area, Well House, and Completely Fenced! Large Flat Open Area Ready for a barn or arena. Easily dividable into paddocks! 5 Riding and Driving Trails throughout the neighborhood, 1 Even Leads to Willards Restaurant and Lounge. 5 Miles From Black Prong Equestrian , 3 Miles to the Goethe, and Less Than 30 To the World Equestrian Complex! High Speed WiFI VIA Central Florida Broadband. All That's Missing is YOU!! Appointment Only
Source: STELLAR #om683875
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om683875
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #om683875
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.