41940 Pine Valley Dr Paisley, FL 32767
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About this home
Escape the hustle and bustle of city life and enjoy the serenity of this spacious 8.7-acre country retreat, just 20 minutes from DeLand, Mount Dora, and Umatilla. Move-In ready comfort! A brand new HVAC system will be installed prior to the close of escrow, ensuring the new owners can enjoy efficient heating and cooling year-round without the worry of replacement costs. This valuable upgrade provides peace of mind and long-term savings for the buyer. This private property features a 4 bedroom, 2.5-bath home with a flexible layout that includes a bonus room with closet—ideal as a 5th bedroom or formal dining room. Set back from the road and partially fenced, the land includes both cleared and wooded areas, a fully fenced over half acre backyard with fig, persimmon, and citrus trees, plus mature oaks and pines throughout the property. The large kitchen offers a walk-in pantry, center island, and breakfast bar, opening to a cozy family room with a wood-burning fireplace. The laundry room has a utility sink and half bath with direct access to the rear patio. Included in the sale, as a separate mother-in-law unit, is a separate 45-ft RV with its own bedroom, bathroom, two mini-split HVAC systems, a handicap-access ramp, fenced yard, and covered parking under a commercial-grade metal pole canopy. A second metal canopy nearby provides full electric, water, and septic hookups for an additional RV. The property also features an insulated storage shed or workshop, a metal-roof pole barn for tractor or equipment storage, a fully fenced and partially roofed dog run, and a large insulated dog house with side door entry and shelving. You'll also find irrigation throughout the yard and a small park-like area in front of the home, multiple water spigots and electrical outlets throughout the front and back yards, a dual sediment filter and water softener system servicing both homes, and solar-powered lighting throughout for added safety and security. This versatile property offers privacy, space, and the flexibility to meet a variety of lifestyle needs.
Source: STELLAR #O6304711
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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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