745 S Rooks Ave, Inverness, FL 34453
3 beds · 2 baths · 1,340 sqft sqft
LOTS OF UPDATES, NO HOA AND NO FLOOD INSURANCE REQUIRED! Welcome to this thoughtfully updated 3-bedroom, 2-bathroom home, nestled in a quiet neighborhood setting. With an abundance of recent updates and a spacious open layout, this move-in-ready property is ideal for those looking for a blend of comfort and tranquility. Step inside to find new luxury vinyl plank flooring throughout, complemented by fresh paint and abundant natural light streaming through all brand-new windows and new French doors. The kitchen shines with new stainless-steel appliances, including a built-in dishwasher, and offers plenty of counter space, making it both stylish and functional for all your culinary needs. The spacious primary suite features a private en-suite bathroom plus walk-in closet. The two additional bedrooms provide plenty of room for family or guests. Practical touches like a dedicated laundry room add convenience to daily living. Outside, enjoy your own private oasis with an above-ground pool, a firepit, and a large, cleared lot; plus, no rear neighbors! Relax or entertain on the newly expanded back patio under the charming new gazebo with ceiling fan for comfort on warm Florida days. This home is move-in ready and built for peace of mind. Featuring a brand-new roof (2024), new iron-breaker and bladder tank for the well (2024), and recent AC (2020). Discover your dream of rural living while enjoying easy access to modern amenities—perfect for first-time buyers and anyone looking for an affordable home where all the major updates have already been completed! USDA financing-eligible area.
Source: STELLAR #tb8317459
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8317459
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: #tb8317459
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.