16734 NE 2nd Street Rd Silver Springs, FL 34488
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About this home
Brand new roof installed 3/2/2023! Bring your toys! CASH SALE ONLY. This spacious SPLIT BEDROOM home is on a CORNER lot, FENCED with 3 drive gates, and has plenty of room for your toys. Inside the fence you will find a double carport, a nice shed, and a 20'x20' SHOP. The shed and shop are both wired with electricity, and there is an electric hookup and septic connection for your RV. Upon entering the front door, you are greeted with a large combination dining and living room. Both rooms have built in features, and the living room includes a wood burning FIREPLACE for those colder nights. To the right is the large master suite, with walk-in closet and master bath. The master bath includes a tub and separate shower, plus a makeup vanity. Going out of the master and across the dining area leads you into the kitchen, which has its own ceiling fan and space for a small table. To your right off of the kitchen is a SPACIOUS PANTRY closet, a mud room or space for a large freezer, and INSIDE LAUNDRY just before the back door. Going back into the kitchen, you will find a short hall to your right that leads to the additional bathroom, as well as the other 2 bedrooms, which are also good size. Upon exiting the back door, you will find yourself standing on a 16' x 18' wooden deck that is ready for your above ground pool to be installed! Live the complete SALT LIFE with plenty of space for your RV, boats, ATV/UTV, motorcycles, or such while enjoying the peaceful country lifestyle. Add the pool for your own personal oasis! Schedule your appointment to see this one!
Source: STELLAR #G5099107
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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.