860 Cedar Way, Pierson, FL 32180
5 beds · 3 baths · 3,144 sqft
Under contract-accepting backup offers. Horse Lover's Dream Estate - Luxury Lifestyle on 10.25 acres. Two Story Split Floor Plan Home with 5 bedrooms and 3 full bathrooms. Recently remodeled Custom Chef's Kitchen with... Granite Countertops, Top Grade Kitchen Appliances, Large Granite Kitchen Island with Breakfast Bar and Large Walk-In Pantry. The Chef's Kitchen is Open to the Family Room and Dining Room. From the garage you will enter the Large Laundry Room with lots of storage. This home has a great floor plan that provides privacy to the bedrooms. The Primary En-Suite has his and hers walk-in closets, and the En-Suite Primary Bathroom features a garden tub, Granite Countertops - His and Hers sinks, and a Walk-In Shower. The property sits high and dry with a pond view in the front of the home. This well maintained home has solar panels. Yes, the solar panels installed in 2022 are PAID OFF and they come with the home - providing you with low utility bills. A/C replaced in 2019. Roof replaced 2019. For the horse lover - there is no need to load the horses in the trailer because - just a short horse ride away is Lake George Preserve Trails - 20 miles of contiguous habitat for many species of Florida's wildlife along Lake George and the St Johns River. Lots of room to build your dream stables. The 10.25 acres is fenced separated pastures. Located around 45 miles from Ocala, 33 miles to Ormond Beach, 60 miles to Downtown Orlando and 24 miles from Deland. Burke Training Center in Astor FL and Rocking Horse Stables in Altoona are a short drive away. For the water lover - there is a nearby boat ramp to Lake George/St Johns River. All information recorded on the MLS is intended to be accurate but is not guaranteed.
Source: STELLAR #o6238203
Source: STELLAR #o6238203
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: #o6238203