1560 Saddle Run Dr Osteen, FL 32764
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About this home
This once in a lifetime opportunity is a residence that perfectly designed for those seeking an escape from the hustle and bustle with absolutely no neighbors in sight! Welcome to your slice of paradise in Osteen Florida. 1560 Saddle Run is where nature and comfort converge on a sprawling gated 10-ACRE LOT with 5 acres fully fenced! This home is located at the end of the road. With 1,512 square feet of living space, this property features an NEWER HVAC SYSTEM (2022), an UPDATED WATER HEATER and a WOOD BURNING FIREPLACE. No need to worry about the roof! It comes topped with a METAL ROOF that covers a tremendous inviting wrap-around deck. Enjoy the privacy and serenity of your own previously STOCKED FISH POND. The opportunities are endless here! The property comes an expansive 15 x 15 entertainment bar garage and stands ready to host gatherings or celebrations. SEVERAL WORKSHOPS ONSITE include a large 38 x 30 pole barn that provides more than ample space for creative projects or storage and another 26 x 14 workshop perfect for other projects. There is also an attached professional automotive paint booth. Whether you are an equestrian enthusiast or simply appreciate open spaces, this serene setting allows zoning for horses along with RV parking for adventurers or equipment for the working professional. This home truly embodies a harmonious lifestyle embraced by the beauty of nature. Located very close to the Volusia trailhead. To fully appreciate the unique details of the property, it is a must see in person plantation! Showings are by appointment only.
Source: STELLAR #O6352276
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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.