1827 Waterway Dr Baker, FL 32531
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About this home
Expansive sprawling home with a clear spring-fed creek on MORE than an acre. Custom built flowing over 2 levels, upgrades galore. Brick and sided craftsman style with wide inviting porches; for calm mornings and evenings surrounded by nature and birdsong. Ultra-private feel, the laying chickens can stay! Kitchen is dreamy and huge. Yards of granite tops, copper farmhouse sink, touch-free stainless appliances, farm-door pantry, 42 inch upper cabinets. Laundry room features built-in cabinetry, granite top, room for a freezer and is sunny and bright. Two living rooms, 5 large bedrooms PLUS bonus office, 3 full baths and additional 1/2 bath for guests. Split floor-plan, master suite is on the primary floor, along with 2 additional bedrooms with a jack-n-jill bath, and additional 1/2 bath. Home has walk out basement style lower floor with additional living/flex, office, 2 bedrooms and full bath. Modern stained woodwork, wood inlaid trey ceilings, ceiling fans, exterior fans, exterior shower, RV 50 amp plug and parking. Bonus size garage with additional 15x 17 garage workshop. Two A/C units, whole home water filter, 80 gallon Water heater, Spray-foam insulation, underground utilities, French drains, no carpet and natural landscaping make this home a low-maintenance dream! NO HOA
Source: EMERALDCOAST #977234
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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.