16476 SW 137th Ave Archer, FL 32618
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About this home
Tucked among serene horse farms, this renovated storybook cottage offers the perfect blend of whimsy, warmth, and modern updates—all just 12 miles from the University of Florida. From the moment you arrive, this home captivates with its architectural charm and unique design. Inside, cathedral ceilings, an updated kitchen and bathrooms, and no carpet throughout create a fresh, open living experience. The primary suite on the main floor is filled with natural light and features a spacious walk-in closet and plenty of room for a desk or sitting area. The primary bathroom includes double vanities, granite counters, and a large walk-in shower with dual shower heads. But the true showstopper? A cylindrical tower room that adds storybook magic and endless versatility—ideal as an office, creative studio, or guest space. French doors from the tower open to a private balcony, perfect for enjoying fantastic sunsets. Outside, the charm continues with mature fruit trees (lemon, grapefruit, kumquat, and pecan) and a detached carport with electricity—ready to serve as a covered parking area or outdoor living space. Whether you’re a professional, artist, retiree, or first-time buyer, this home offers something rare: character you can feel, and convenience you’ll love. Schedule your showing today—this one won’t last!
Source: STELLAR #GC531503
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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.