2082 Shady Ln Geneva, FL 32732
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About this home
Veteran Owned.Assumable VA Loan . Motivated Seller . Bring your Fishing Pole Boaters dream. St. John's river access. This home has been totally renovated with modern designs on a traditional lot. . Enjoy the luxury of new flooring, remodeled laundry room, completely redone bathrooms, and granite countertop kitchen . When you're not cooling down in the main home, you have the option of 2 separate Florida rooms, one in the back and one in the front, or the dock to go and launch your fishing adventures from. The dock is fitted with a boat slip, covered boat lift, as well as water from the river and the home. You have 80 feet of water frontage! Clean your fish directly from your dock . Store your boat in the Car-Port .. Come take a look at this one-of-a-kind true piece of Florida! More... Private Remarks: Come revel in this slice of true Florida! Boat ramp close by .All new appliances , Quartz countertops, new roof , new A/C . New tankless hot water heater.Nothing left to do !,
Source: STELLAR #V4945168
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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.