8546 N Fauci Pt, Crystal River, FL 34428
3 beds · 2 baths · 1,486 sqft
Here's your chance to scoop up a home located just outside of town on 3 lots that equal just under nine-tenths of an acre. Not many homes like this one are offered on the market currently. 3 lots give you plenty of room to add a pool, a detached garage, workshop, or whatever you need. The privacy they afford you is super nice as well. The home is a traditional-style home with lots of potential. A large living room opens up to the screened and glassed-in back porch. The backyard has trees all the way around to act as a natural buffer. There's a small chainlink fenced area to let the animals or little ones run around in. Inside 3 big bedrooms can all be found on the left side of the home. Tiled floors throughout the home and newer windows will make for easy maintenance. Make no mistake, the home needs a little bit of touching up to make it 100%, but the home is perfectly liveable in the current condition. The roof was replaced in 2008, the HVAC was replaced in 2017, the drain field, the well, and the water heater have been replaced in recent years too. Mechanics are good to go. Are you? Don't delay, you'll miss out on another home.
Source: STELLAR #w7866165
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7866165
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: #w7866165
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.