11731 NW 78th Ter Chiefland, FL 32626
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About this home
*Seller offering $2,500 credit toward buyers closing cost, prepaids OR rate buy down with acceptable offer! Welcome to the quiet calm pace of Chiefland Florida, this concrete block SOLID home is the perfect starter home or forever home, located on over an acre of gorgeous land just outside of town. Extremely well kept home , move in ready as you enter the door you will fall in love with the bright open floor plan. Gorgeous tile (looks like wood) flooring through out as well as laminate in the bedrooms . Spacious living room, spacious kitchen with laminate countertop and real wood cabinetry with a large space for dining room table. Laundry room is spacious with additional space for storage. A wonderful additional room perfect for another sitting area or room for entertaining with an exit door as well, this room has a gorgeous brick accent wall. 3 total bedrooms and one bathroom , each bedroom offers ample space and there is plenty of room off the master to add a second bathroom if desired. Back porch with plastic exterior windows perfect for enjoying the year round Florida temps , along with a TV to watch while enjoying the peaceful back yard. Outside is the yard lovers dream. A gorgeous canvas to plant you a nice garden, raised beds and plenty of room for the pets to roam freely with the fenced back yard. A nice oversized enclosed concrete block garage, perfect for parking your vehicles and toys , space for workshop and storage with a 220 volt outlet. Out back you have a wooden pole barn with lean too perfect for parking the mower and storing yard stuff. This home is located on a dead end road ensuring little traffic and is a short drive to town. Minutes to the Manatee Springs State Park, minutes to the Suwannee River and local Golf and Country Club. Call today for YOUR tour! ALL LOANS WELCOME!
Source: STELLAR #GC533240
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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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