7117 Norway St, Webster, FL 33597
3 beds · 2 baths · 1,584 sqft
This charming 3-bedroom, 2-bathroom home is nestled on 4.57 acres of land, offering the perfect balance of privacy and space. If you’re looking for a peaceful retreat, this home is ideal — with no neighbors in sight, no HOA, and no deed restrictions, it’s a place where you can truly enjoy your surroundings. The multi-level design offers versatility and plenty of room to spread out. The main living areas are spacious, with central air for comfort year-round. The finished basement adds extra living space that could serve as a home office, media room, or a guest suite. The kitchen, located on the second level, has ample space for preparing meals, while the dining room offers a cozy spot for family meals or entertaining. Each of the three bedrooms is designed for comfort, with built-in and walk-in closets providing ample storage. The master suite is a quiet, private retreat, and the two additional bedrooms are perfect for family or guests. Enjoy the great outdoors with 4.57 acres of land that you can make your own. Whether you want to have a garden, create a small farm, or just enjoy the open space, there’s plenty of room for your vision. The land is zoned for agricultural residential, which means you have even more options for use. Plus, with a septic tank and well water, you have more independence from municipal utilities. You’ll appreciate the lack of restrictions, whether you're planning to build a workshop, park an RV, or just enjoy the land without worrying about pesky rules. And while the home does not have a pool, the privacy and space make it easy to imagine adding outdoor living areas, a garden, or other amenities to suit your needs. Located just south of Bushnell and North of Dade City, you’ll have a peaceful, rural lifestyle, but still be conveniently close to major roads and other conveniences. If you’re looking for a property that offers peace, potential, and plenty of space, this home in Ridge Manor Estates might be exactly what you’ve been waiting for!
Source: STELLAR #T3521973
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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
Source: STELLAR #T3521973
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.