303 SE 3rd Ave Melrose, FL 32666
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About this home
Old Florida Charm with Modern Comfort welcomes you home to peace and quiet in this charming Old Florida-style neighborhood. This custom-built Florida Cracker-style home sits on just over half an acre, surrounded by beautiful live oaks and features that invite you to slow down and enjoy life. The wraparound covered porch, is the perfect place to pull up a rocking chair, grab a book, sip some sweet tea or host some friendly gatherings. The Screened Room is also a great place to unwind, while listening to the sounds of nature, or stepping outside on the deck and fire up the grill for some good BBQ. For those hot days, relax in your own private swimming pool, and spa oasis. This home is more than just a place to live it's a lifestyle rooted in comfort, charm, and a true connection to the outdoor. This 2425 sqft 3 bed 2 bath home offers main floor master bedroom, large living room, open floor plan, and a Multi use room, the 2nd floor offers 2 bedrooms, with jack & jill bathrooms and a family room / game room or an office space. There is also multi purpose room on the main floor that can be used for an exercise room, a kids play room or many other things. The backyard is fenced and will be great for your kids or pets. There is a 12 X 24 shed that will make a great he shed or she shed. The driveway has plenty of space for all your vehicles, including any RV's or boats. The neighborhood has a volunteer Association to their private boat ramp area that will take you out into Lake Santa-Fe, get your lake toys ready, this ones waiting for you. This home is more than just a place to live it's a lifestyle rooted in comfort, charm, and a true connection to the outdoor. Now it's up to you to get your showing scheduled.
Source: REALMLS #2082793
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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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