11118 SW 76th Ave, Ocala, FL 34476
2 beds · 2 baths · 932 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this charming Turn-Key 2-bedroom, 2-bathroom home nestled in the peaceful 55+ community of Palm Cay. This home boasts a spacious and inviting layout, featuring newer laminate flooring and carpeting throughout, offering both style and comfort. The master suite serves as a private sanctuary, complete with a generous walk-in closet and an en-suite bathroom offering a walk-in shower and stylish tiled flooring. The kitchen is a true highlight, featuring brand-new stainless steel appliances, perfect for preparing meals and hosting friends or family. Enjoy the serene enclosed lanai with its tiled flooring – an ideal space to sip your morning coffee or relax in the evening. This home also offers a two-car garage for added convenience. New Roof Being Installed in 2025, New Hot Water Heater in 2025, and HVAC 2020 – ensuring peace of mind for years to come. With the home being sold turn-key (minus a few staging items), it’s ready for you to move in and make it your own. This home is a perfect fit for both full-time living or as a vacation getaway, thanks to its low-maintenance features and desirable location. Experience the best of Florida living in Palm Cay, where comfort and community seamlessly come together. Don’t miss out – schedule your showing today!
Source: STELLAR #OM698993
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #OM698993
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.