25511 L J Rd Myakka City, FL 34251
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About this home
BUYERS FINANCING FELL THROUGH and now is your chance to discover this beautifully maintained and updated 4 bedroom, 2 bath manufactured home nestled on 5 high and dry upland acres, entirely outside of the flood zone, meaning no flood insurance required! Very solid mechanically with warranties on AC and hot water heater that carry over. This expansive property is fully fenced and ideal for those seeking space, privacy, and flexibility, bring your animals, toys, or even start your dream homestead. The home features a large open floor plan with generously sized bedrooms and living areas. A recently built wood deck graces both the front and rear entrances, perfect for enjoying peaceful morning coffee or entertaining in the evening. Inside, you’ll find a spacious kitchen with ample cabinetry, a dedicated dining area, and a large living room offering plenty of natural light. The split floor plan ensures privacy, with the primary suite offering a walk in closet and en suite bath. The land is level, dry, and completely usable with no wetlands, ideal for future structures, gardens, or simply enjoying wide open space. With no HOA or deed restrictions, you’ll have the freedom to make this property your own. Whether you’re looking for a family retreat, a hobby farm, or simply more space to roam, this rare acreage opportunity offers the best of rural living with peace of mind, no flood insurance needed!
Source: STELLAR #A4659476
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Close stress-free in 45 days, handled start to finish by Roam.
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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.