10060 SE 106th Ln Belleview, FL 34420
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About this home
Charming Canal Front Home with Scenic Views! Come experience the peaceful beauty of canal living! This delightful 3-bedroom, 2-bathroom home offers 1,537 square feet of cozy living space and is located on the tranquil Smith Lake canal. Step inside to a warm, inviting Family Room with wood beams and large windows that frame stunning water views. The kitchen is fully equipped with all-wood cabinetry, tile floors, and a complete set of appliances. The split-bedroom layout ensures privacy, with an updated master bathroom featuring a modern walk-in shower. A spacious 19x12 bonus room provides endless possibilities – whether used as a second living area, a den, or even a fourth bedroom with the addition of a closet. Practical touches include an inside laundry room and numerous upgrades such as a whole-home water filter, tankless water heater, and a brand-new AC system installed in February 2023.Enjoy the outdoors in your large, screened-in patio or take advantage of the fenced backyard, perfect for pets, with direct access to the canal via a private gate. A shed for extra storage completes this charming property. Don’t miss your chance to see this beautiful home – schedule your showing today!
Source: STELLAR #OM698860
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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.