9324 Cr 647b, Bushnell, FL 33513
3 beds · 2 baths · 1,792 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Here's your chance to get a wonderful property at a reasonable price! This 1997 3BR 2BA doublewide is almost 1,800 square feet, sitting on more than 1 acre corner lot, just off the Withlacoochee River, but not in the flood zone. With a little TLC, this property would be restored to the glamour it held not long ago. Boasting plenty of yard space, this property comes with 2 storage buildings and an above ground pool. It has a multi-tiered deck in the back, with a 14' x 20' screened porch on the front. The double front entry doors are accessed from the screened porch, and open up to a spacious living room and dining room. The kitchen is partially open, but could be opened up more if you removed the breakfast bar. The kitchen has a cooking island, a corner pantry, and a second storage closet for the broom and trash can. The primary suite is to the right of the entry doors and living room, and is also spacious. It has a walk-in closet and an ensuite bathroom that includes double sinks, a glamour tub, and separate shower. Going back through the living and dining area to the other side of the house, you will find the guest bath through the door to the left, and the laundry room and rear exit through the door to the right. Just past these doors are the second bedroom (on the back of the house) and the third bedroom (front of the house). The second bedroom has a built-in closet that's a decent size, and the third bedroom has a walk-in closet. Schedule an appointment to take a look, and bring us an offer!
Source: STELLAR #G5094647
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5094647
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.