6351 SE 140th Ave Morriston, FL 32668
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About this home
Welcome to your dream ranch home on 10 acres! This meticulously maintained property boasts an open floor plan with knotty-pine vaulted ceilings, revealing a spacious living area upon entry. The kitchen features solid wood cabinets, granite countertops and a large pantry. Enjoy the warmth of the wood-burning fireplace in the living room, complemented by hardwood floors. With three bedrooms, three baths, an office and a bonus room upstairs, this home offers versatility and comfort. Want cheap electrical bills?? This home is equipped with solar panels(2023) which will be paid off at closing. The entire 10 acre estate is securely fenced with 4 board fencing and also features three paddocks on 7 acres, each with water access. The remaining 3 acres at the rear offer a wooded retreat, ensuring privacy. For equestrian enthusiasts, a center aisle 4 stall barn(36X36) awaits. Complete with a tack room, feed room and bathroom. The barn also included hot water, electricity and a wash rack. RV hook up on the left hand side of the barn with septic clean out. This ranch home harmoniously combines modern amenities, natural beauty and equestrian facilities for a truly exceptional lifestyle. The garage has been converted BUT it is able to be converted back! You are able to horseback ride directly to the Goethe Forest or Black Prong is just down the road! Within 25 minutes of the World Equestrian Center and Ocala where you will find epic horse competitions, restaurants, medical offices, grocery stores and more. A short 20 minute drive to Dunnellon where there are dining options, grocery stores and the beautiful Rainbow River.
Source: STELLAR #OM706465
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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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