10162 SW 188th Ct Dunnellon, FL 34432
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About this home
Motivated Seller!!! As you enter this home you will love the open concept and the upgrades!!! The living area is large with patio doors to your screened Lanai. The kitchen is well appointed with plenty of cabinets, breakfast bar and granite counters. The dining area is nice with big windows and sliding doors to the lanai. The office/den/bedroom has private double doors with a large window with window seat. The primary bedroom has sliding doors to the lanai and walk-in closet. The primary ensuite has a roman shower, private water closet. The large vanity has granite counters and plenty of storage with a linen closet too! The guest bathroom has a walk-in shower with glass doors and safety bars. The laundry room is inside home with storage closet and sink. The 4-car garage is spacious!!! one side has an electric screen door with privacy built in. The screened lanai features dining space and spa for relaxing. The backyard is spacious and has landscaping for privacy. The home has a generator with inground propane tank. This home is located in the Rainbow Springs Country Club your ownership will provide you with private access to the Rainbow River Park. You can have a picnic, barbecue, go swimming at the private beach, tubing, canoeing, and kayaking from the private launch. You will also have access to the Community Center with restaurant. The Community Center offers pickleball courts, pool, gym, billiards, private meeting areas, and organized activities for the residents. Living in Dunnellon, Florida is quiet and peaceful just the perfect place to walk, bike ride and enjoy the beauty all around this river town. The area has restaurants, shopping, and hotels. You can drive 20- miles to Ocala, 30-miles to Crystal River, 40 miles to Gainesville. The WEC (World Equestrian Center) is 10 miles and hosts year-round activities.
Source: STELLAR #OM706935
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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.
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