17178 SE 95th Ct Summerfield, FL 34491
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About this home
Short Sale. This home is now listed as a short sale. Please bring offers to present to the lender. 3 bedroom 2 bath doublewide mobile home. Home is a 2003 model with 1674 sq feet of living. Property offers a handicap wood ramp on the front of the home along with a fenced back and side yard. 2 car carport (24 X 20) attached to the front of a 24 x 20 Workshop/ storage room. Home features a large living room and a large family room with fire place and built in entertainment center. Kitchen features lots of cabinet and counter space with a center island with your sink area and a area for a dishwasher and features a eat in bar area on the back side of island. This home must be a cash deal. Major leak in the Primary bathroom and laundry area. All vinyl flooring in bathroom and laundry have been pulled up. Primary bathroom floors, cabinets and drywall behind sinks have been removed. Laundry room has soft flooring and some drywall have been removed. Floors are soft in this area. Soft spots in primary bedroom, family room, Livingroom, a few spots in kitchen. Dining room slider has some wall damage an back porch decking has been removed and needs to be replaced before you can exit out the slider. Supra box is on front door key goes to back storage building also.
Source: STELLAR #OM704040
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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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