85 Our St Vernon, FL 32462
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About this home
Fully Renovated Waterfront Country Retreat ideal for homestead, retreat, or year round rental property. Discover the perfect blend of rustic charm and modern convenience in this beautifully renovated 2-bedroom, 1-bath home nestled on a tranquil canal. Set on .215 acres, this property is a haven for nature lovers, hobby farmers, and outdoor enthusiasts alike. Inside, enjoy a fresh interior with new LVP flooring, updated fixtures, and a cozy open-concept layout that invites relaxation. The kitchen offers ample space, natural light and views of the canal, while both bedrooms provide serene views of the surrounding landscape. Love, creation, and functionality combined developed hidden treasures such as pull out shelving throughout the home, as well as Rune protection. Step outside to a screened porch ideal for morning coffee or evening breezes, complete with a built-in dog kennel and fenced dog turf perfect for your furry companions. The property also features two large planter boxes for gardening, a shed with a screened chicken coop, and direct canal access for fishing, kayaking, or simply soaking in the scenery. This property offers a rare combination of privacy, functionality, and natural beauty. Whether you're seeking a weekend retreat or a full-time country lifestyle, this home delivers everything you need. SEE ATTACHED DOCUMENTS for interior, exterior features, and amenities.
Source: EMERALDCOAST #985598
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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.