9451 NE 111th St
Archer, FL 32618
4 beds · 2 baths · 2,016 sqft
$420,000
Get prequalifiedAbout this home
Move right into this very private 4-beroom 2-bathroom concrete block home on 10 acres just between Bronson and Archer in Levy County while still staying connected through the available fiber optic internet service. Upgrades in the last 5 years include a new metal roof, electrical, new plumbing, new septic, new windows, new water heater, new HVAC system, new washer and dryer. The home has been completely updated with new bathroom fixtures, kitchen cabinets, counters, appliances, ceiling fans, outlets, doors, paint and flooring. The septic tank was pumped and drain field certified 11/23 and the home has been vacant since. Access to the fenced 10-acre parcel is available two different ways. The back gate is at the end of a county maintained road in Five Oaks of Bronson and the front gate is at the dead end of a private dirt road in Archer. This is the only property that connects Archer to Bronson in the area. There is an 8x12 potting shed, a 10x14 metal shed and a chicken coop that sustained minor damage but can be repaired. Wild grapes, blackberries and blueberries abound all over the property as well as several young fruit trees including 2 pear trees, 2 peach trees, 2 fig trees, a few banana trees and a ruby red grapefruit tree. The private well goes straight into the Florida aquifer to provide the best pH balanced water ever! This lovely homestead sits just 36 miles from the WEC in Ocala and 12 miles from Gainesville. Schedule your showing today! SEE DIRECTIONS FOR GPS ADDRESS
Source: STELLAR #GC524326
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.