3956 S Fernpark Ter Inverness, FL 34452
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About this home
This COMPLETELY REMODELED home sits in the desirable Inverness Highlands & features 3 beds, 2 baths, a 2-car garage, 0.44 acres, & a HUGE 45x26 detached metal garage that can store TWO SEMI TRUCKS. Upon entering the sleek home, you are greeted w/ an open & spacious living room w/ cathedral ceiling, dimmer/switches, smart locks & thermostat, sliding glass doors leading to the back porch, a dining room w/ brilliant light & views, & vinyl tile throughout to exclude a tasteful & elegant feel. The tastefully remodeled kitchen boasts granite countertops w/ plenty of counter space, an enormous island that includes seating, a large farm sink, Brand New Tile Flooring, NEW smart non-fingerprint s/s appliances, gorgeous backsplash, custom wood cabinetry w/ soft close features, a lazy Susan, pull out drawers & crown molding. This split floor plan offers an owner's suite that has a large walk-in closet & normal closet & an ensuite bathroom. The light and airy owner's bath features a custom double vanity, bidet, & a custom glass walk-in shower tiled from floor to ceiling w/ hidden shelving. The sizable guest bedrooms each have large closets & a good deal of lighting. The modern & bright guest bathroom features a tub/shower combo tiled from floor to ceiling & custom glass doors, granite counters, a custom vanity, & a bidet. The exterior of the home features a screened lanai w/ impeccable views of the yard, a she-shed w/ 2 lofts, dog doors, outdoor lighting, irrigation, underground 500 gallon propane tank connected to the whole home generator, 2022/2023 solar, & a HUGE detached garage w/ 50-amp & 2 30-amps, & a RV hookup. Be sure to check out our 3D Matterport Interactive Tour and Video! Roof 2020.
Source: STELLAR #W7874277
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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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