720 NW Zack Dr, Lake City, FL 32055
3 beds · 2 baths · 1,843 sqft
Welcome to your dream home in the highly sought-after Emerald Lakes neighborhood! This beautiful 3-bedroom, 2-bathroom, pool home offers 1,811 sqft of stylish living space, perfect for those who love to entertain and relax. Step inside to discover a spacious layout featuring a dining room and a cozy breakfast nook, perfect for hosting dinners or enjoying your morning coffee. Sliding glass doors open up to the sparkling pool, creating a seamless indoor-outdoor flow. Enjoy peace of mind with a brand-new roof installed in 2024, a new pool enclosure (2023), and a new pool pump, ensuring years of enjoyment. Freshly painted inside and out, the home feels like new, especially with modern light fixtures throughout. Whether you’re lounging by the pool or enjoying the serene ambiance of Emerald Lakes, this home offers the perfect combination of luxury and comfort. Don't miss your chance to make this stunning property your own! With a full price offer house will come FURNISHED, which includes: the 90-inch TV, two 75-inch TVs, the 40-inch TV, the California king bed, two king beds, the sofa, and both the interior and exterior fireplaces.
Source: STELLAR #gc525658
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525658
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: #gc525658
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.