1361 NW 12th Ln Lake Panasoffkee, FL 33538
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About this home
Welcome to Lake Panasoffkee, a popular destination town known for it's excellent fishing and water activities! This quaint community is where you will find this lovely, 2 bedroom, 2 bath double wide situated on an oversized .35 acre lot. The home interior offers an Open Living area with vaulted ceilings. The kitchen has newer appliances, closet pantry, breakfast bar and dining space. The split plan bedrooms with their own bathrooms means privacy for the whole family. The laundry room is conveniently located inside, too! Relaxing in your new home would be enough, but wait until you see what is waiting for you outdoors!! A covered front porch and private covered back deck with plenty of room for entertaining awaits. Then, step out into the garden oasis and gaze upon your own outdoor paradise. This huge property has been well maintained with tons of plants, trees and flowers in every corner. You will enjoy the gardens, 2 firepits, sitting areas and huge Gazebo, just for you! The 8' x 10' storage shed is great for storing all of your outdoor supplies. But wait, there's more! The 18' x 35' outbuilding/man cave features a workshop, more storage space and a covered concrete slab for your RV or other toys. Bring your boat!! Lake Panasoffkee is nearby. A true spring-fed lake, abundant with largemouth bass and panfish like bluegill and crappie. The home also offers a newer AC, a covered carport/driveway with plenty of parking, gutters with down spouts more. You will find small town living while still being close to everything! Just minutes to I-75, you are close to almost anywhere you need to go. Hurry! This home is priced right and will not last long!
Source: STELLAR #G5104018
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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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