10069 SW 62nd Cir, Ocala, FL 34476
3 beds · 2 baths · 1,437 sqft
Welcome to the best house in Cherrywood Estates, where retirement living in Central Florida combines comfort, convenience, and community! This vibrant 55+ neighborhood offers everything you’ve been dreaming of—tranquil living with easy access to shopping, dining, and medical care. This beautifully updated 3-bedroom, 2-bathroom home sits on a desirable corner lot with a screened-in garage enclosure—perfect for those who enjoy a tidy workspace. The open floor plan is designed for seamless living, minimizing hallways while maximizing movement and natural light. The kitchen and bathrooms have been fully updated with modern finishes and functionality, while the updated flooring throughout the home enhances its fresh, contemporary feel. You’ll love the oversized kitchen, perfect for preparing meals to share in the combined dining area. With French doors leading to the enclosed porch, you’ll have the perfect setup for entertaining family and friends or simply relaxing with your morning coffee. Major updates include a new roof and HVAC system, both installed in 2022, offering peace of mind and energy efficiency. Cherrywood Estates truly elevates the lifestyle experience. The low HOA fee includes cable, internet, and trash services, ensuring convenience and value. The amenities are second to none, featuring a clubhouse, a sparkling pool, multi-use sports courts, a fully equipped gym, and more. Whether you prefer staying active or enjoying social events, this community has it all. Don’t miss out on this Florida dream home—it’s everything you’ve been waiting for!
Source: STELLAR #o6260842
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6260842
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6260842
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.