126 SW Mockingbird Way Lake City, FL 32024
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About this home
$5,000 Buyer Incentive! Now offering $5,000 toward closing costs, rate buy-down, or new updates with an acceptable offer! Discover the perfect blend of comfort, character, and convenience in this beautifully maintained 3-bdrm, 2-bath home set on a spacious 0.65-acre fenced corner lot—with NO deed restrictions! Bring your boat, RV, or outdoor toys—there’s plenty of space and freedom here. This move-in ready home has been meticulously cared for with major updates including a newer roof and updated plumbing, providing lasting peace of mind. Best of all, it’s outside the flood zone, offering extra security and lower insurance costs. Inside, you’ll find a bright, yet cozy layout featuring real wood cabinetry, granite countertops, stainless steel appliances, and even a second built-in oven—perfect for entertaining or preparing holiday meals. The family room centers around a cozy electric fireplace, ideal for relaxing nights or gatherings with friends. A versatile bonus room/den offers endless possibilities—perhaps a home office, playroom, or a sunny sitting room where you can relax and watch the birds through the large windows. The oversized lot has ample room to add a swimming pool, creating your own retreat. Located minutes from shopping, dining, hospitals, and I-75, this property delivers the best of peaceful suburban living with every convenience close at hand. Homes like this are rare! Don’t miss your chance! Schedule your private tour today and make this YOURS!
Source: STELLAR #OM703009
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.