803 Crestwood Ave, Inverness, FL 34453
3 beds · 2 baths · 1,675 sqft
Welcome to your idyllic slice of paradise! Nestled on a serene .70-acre lot along a quiet road, this exquisite 3-bedroom, 2-bath ranch-style home offers a harmonious blend of comfort, space, and convenience. With nearly 2,400 square feet under roof and 1,675 of beautiful living space, this property is perfect for families, nature lovers, and anyone seeking a peaceful lifestyle without sacrificing accessibility. Enter into a welcoming atmosphere filled with natural light as you step into the expansive living area. The thoughtful open layout ensures a seamless flow between rooms, making it an ideal space for entertaining or cozy family gatherings. Retreat to your generously sized bedrooms, designed for relaxation and tranquility. The master suite is a true sanctuary, featuring a walk in closet and en-suite bathroom. The large breezeway connects you to a semi-detached oversized two-car garage, providing both convenience and extra storage for your vehicles and tools. It's the perfect spot for hobbies or projects! Step outside to discover your own private oasis, complete with producing fruit trees that promise delightful harvests season after season. Plenty of space for gardening, outdoor activities, or simply enjoying the natural beauty that surrounds you. Partially fenced yard makes it ideal for the kids and pets to play! Centrally located in the charming City of Inverness, this home is just moments away from shopping, schools, and the picturesque Liberty Park. Enjoy leisurely walks, picnics, and other outdoor activities. Convenient access to major highways makes commuting a breeze. This rare gem offers the perfect blend of serenity and accessibility, making it an ideal family home or a peaceful retreat. Don’t miss your chance to own this charming property. Schedule your private showing today and step into your future!
Source: STELLAR #OM696121
Financials
Source: Public records
Source: STELLAR #OM696121
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.