9451 NE 111th St, Archer, FL 32618
4 beds · 2 baths · 2,016 sqft
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!
Source: STELLAR #gc524326
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc524326
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: #gc524326
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.