105 Douglas St Homosassa, FL 34446
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About this home
***$10000 buyer closing costs credit with a full price offer***Welcome to your dream home in the sought-after Cypress Village section of Sugarmill Woods! This spacious 4-bedroom, 3-bath custom pool home with office and 2-car garage sits on a beautifully landscaped ½ acre lot offering privacy and comfort. Step inside to find split-bedroom design, newer flooring, and fresh interior/exterior paint. The home is filled with natural light thanks to multiple skylights. Enjoy gatherings in the large living and family rooms—complete with a cozy gas fireplace and built-in bookshelves. The dedicated home office features custom bookcases and a built-in desk, ideal for remote work or study. The chef’s kitchen boasts stainless steel appliances, including a convection oven, farmhouse sink, center island, bar seating, self-close drawers, and pull-out shelves and trays. Dine formally in the elegant dining room or casually in the sunny breakfast nook. The luxurious master suite offers a jetted tub, walk-in shower, and a dedicated 50-gallon water heater for endless hot water. A second ensuite bedroom is perfect for guests or multigenerational living. Step outside to your private oasis: a covered lanai, screened pool with waterfall, and a fully fenced backyard ideal for entertaining, pets, or play. This one-of-a-kind home in a tranquil, deed-restricted community is move-in ready—don’t miss your chance to own a slice of paradise in Homosassa!
Source: STELLAR #TB8442643
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Close stress-free in 45 days, handled start to finish by Roam.
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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.