1220 Mossy Oak Dr Inverness, FL 34450
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About this home
Welcome to your serene LAKEFRONT retreat in Inverness, Florida. This cozy 2-Bedroom, 2-Bathroom home offers peaceful WATERFRONT living, nestled along Little Lake Spivey—part of the expansive Tsala Apopka Chain of Lakes, which includes Lake Lloyd, Lake Henderson, and Little Lake Henderson. Begin your day with stunning SUNRISE VIEWS from your COVERED DECK, complete with a FLOATING DOCK—perfect for quiet moments or entertaining guests. Inside, a bright and airy OPEN-CONCEPT Living and Dining area flows effortlessly into a spacious Lanai overlooking the Lake, ideal for relaxation or hosting gatherings. The well-appointed Kitchen features Soft-Close Cabinetry and Stainless-Steel Appliances, blending efficiency with style. Just off the main living space, the Primary Suite includes a Private En Suite Bathroom, while the Second Bedroom sits conveniently beside the Guest Bathroom. A One-Car Garage with a Laundry area completes the thoughtful layout. Enjoy everyday comfort and laid-back lakeside living in a home ideally located near everything Inverness has to offer—from local Dining and Shopping to world-class Trails and Scenic Parks. No HOA - Roof 2023-Permit #20230346. All information provided in this report is believed true and accurate at data entry but not guaranteed. Buyer / Buyer's Agent to verify all interior room/exterior-deck/dock measurements.
Source: STELLAR #G5100095
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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.