10903 N Farmwood Ave Dunnellon, FL 34433
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About this home
Looking for your first home? This is the one! Nestled on a spacious 1 acre lot, this charming 2 bedroom, 2 bath manufactured home offers the perfect mix of comfort, privacy, and room to grow. Inside you will find an open and inviting layout with a bright living area that flows into the kitchen and dining space. The split bedroom design provides privacy, with a primary with en-suite on one side and a guest bedroom/nursery/office on the other, with an attached bath. Both bedrooms feature generous sized walk in closets. Living room/kitchen/dining room open concept perfect for entertaining. Need more room, the 20 x16 bonus room should be exactly what you are looking for. Step outside and take in all the space this property has to offer. The entire acre is fully fenced, making it ideal for kids, pets, or cultivating your dream garden. There is plenty of room for a playset, fire pit, Rv, boat, or adding a workshop or garage in the future. Whether your just starting out, downsizing, or looking for a little extra space, this property is full of potential. Under 30 minutes to the Gulf of Mexico and 19 minutes to Crystal River. Don't wait, affordable homes on acreage with no HOA don't last long!
Source: STELLAR #OM708287
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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.