10890 SE 160th Court Rd, Ocklawaha, FL 32179
3 beds · 4 baths · 2,800 sqft
Motivated Seller! 100% Financing available through our preferred lender!! SUNSET Seekers! Immerse yourself in the ultimate lakeside lifestyle in Ocklawaha, FL, where every evening offers a breathtaking SUNSET Spectacle! Nestled on 3 acres of pristine land, this home presents a serene sanctuary on the shores of the secluded and spring-fed Lake Fay. Crafted in 2002, this meticulously maintained property enjoys an enviable location just a brief 10-minute drive from The Villages, FL, granting easy access to shopping, dining, hospitals, and more. Despite its convenient proximity to amenities, revel in the sensation of being worlds away as you unwind in the tranquil ambiance of your lakeside haven. Step indoors to unveil a generously appointed layout bathed in natural light, showcasing inviting living spaces and panoramic lake views from every vantage point. The pièce de résistance of this abode is the expansive sun deck, offering an ideal spot to absorb the mesmerizing scenery and savor leisurely moments by the water's edge. Outside, the property is thoughtfully tailored for outdoor enjoyment, featuring a fenced-in yard, security system, and invisible fence for added security and peace of mind. Plus, envision the possibility of having horses on your property, embracing the essence of country living to its fullest. With the private lake just steps from your door, indulge in a plethora of recreational activities including boating, water skiing, kayaking, and more. Seize the opportunity to own this exquisite lakeside retreat in Ocklawaha, FL, where each day promises unparalleled serenity and natural beauty. Schedule your viewing today and embark on the waterfront lifestyle you've always envisioned!
Source: STELLAR #om677895
Source: STELLAR #om677895
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: #om677895
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.