8502 VILLAGE MILL ROW, Hudson, FL 34667
Discover tranquility in this beautifully updated 3-bedroom, 2-bath, 1,771+ sq. ft. home, nestled on a serene conservation lot with stunning views of Bear Creek. Enjoy direct access to the creek, perfect for kayaking or fishing right from your backyard. The spacious Florida room offers an additional year-round 264 sq. ft. of living space, heated and cooled by a new (2024) mini-split system—perfect for a home office or family room, where you can relax while taking in peaceful nature views with the privacy of no rear neighbors. The home features hurricane-rated sliders that open from the den to a 350 sq. ft. covered, enclosed lanai with removable tinted side-by-side sliding vinyl windows and solar/insect screening, making it ideal for true indoor/outdoor entertaining. Outside, a charming shade tree with a swing invites you to relax, read, or simply enjoy the natural surroundings. There’s even enough space in the backyard to add a private pool. Plus, the mature landscaping is irrigated from the creek, saving on water costs. In recent years, the home has undergone significant upgrades, including an all-new kitchen with quartz countertops, new appliances, a newer AC system, waterproof luxury vinyl plank flooring throughout (tile in wet areas), a new walk-in pantry, and an eat-in kitchen island. Hurricane-rated pass-through kitchen windows to the lanai provide a view of the water. Additional features include a whole-house water softener and a convenient inside laundry room with extra storage and a utility sink. UVA-tinted solar screens in all three bedrooms and the Florida room provide extra comfort and energy savings. This home is a perfect retreat from the hustle and bustle, offering peaceful living and natural beauty, while still being close to all the conveniences you need. The inviting front porch is the perfect spot to enjoy your morning coffee. The split floor plan features a spacious living room, large bedrooms with generously sized closets, updated bathrooms, and bonus rooms. Located in the desirable Beacon Woods Village, this home is just minutes from shopping, dining, the public library, Salt Springs State Park, and Hudson Beach with its public boat ramp and easy Gulf access. An 18-hole public championship golf course winds through Beacon Woods. The Beacon Woods community amenities include a large, heated swimming pool; tennis, pickleball, and basketball courts; a pool table; an exercise room with dressing rooms and showers; a playground; shaded picnic grounds, and more. The community also offers an auditorium with a kitchen that can be rented by residents for private events. The low annual HOA fee for 2024 is $340.
You may be able to put down less than the total down payment amount of $40,862 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #tb8302460