240 Swan Lake Dr Melrose, FL 32666
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About this home
Welcome to this charming lakefront pool home featuring a main house with 3 bedrooms and 2 bathrooms, plus a cabana with a full bathroom, and large metal storage building on 7.81 acres! As you approach the home you will appreciate the secluded feel, natural landscaping, and the expansive view of Halfmoon Lake. The main house has 1,890 sqft of living space with 3 bedrooms and 2 bathrooms, built in 2012. Opening the front door, you will find yourself in the foyer leading to the light and bright open concept living room, kitchen, and dining room. The kitchen is sure to impress the chef of the family with plenty of cabinets, lots of counterspace, and a breakfast bar. To the right you’ll enter the primary bedroom which has a spa-like ensuite bathroom featuring a double vanity, walk in shower, and large soaking tub. Two spacious secondary bedrooms and the secondary bathroom are to the left of the living room. With an indoor laundry room and screened in back porch, this home is the perfect blend of comfort and convenience. Outside of the main house, enjoy swimming with friends and family in the fully screened inground pool and heated spa, and relax in the attached cabana. The heated and cooled cabana is more than 860 sqft and features a kitchenette and full bathroom, offering plenty of room for hosting guests for long weekends and holidays, or as an in-law suite. At the end of the circular drive is a metal building with more than 1900 sqft of indoor space, electricity connected, an oversize roll-top entrance door, and can be used as a garage, storage building, workshop or anything else your heart desires. The 7.81 acre property also includes RV hookups and a propane tank for heating the hot tub. Enjoy the peace and beauty of rural living while still being within a short drive to local conveniences since you're only 30 minutes from Gainesville. Make your appointment today to see this slice of country paradise!
Source: STELLAR #GC531864
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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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