12917 SW 38th Cir, Ocala, FL 34473
3 beds · 2 baths · 1,890 sqft
Welcome to your dream home in Marion Oaks! This well-maintained 3-bedroom, 2-bathroom home boasts tile floors throughout for easy maintenance and an open layout that feels both spacious and inviting. Recent upgrades include a brand-new roof (2024) and newer appliances, ensuring peace of mind and modern convenience. The open kitchen flows into a cozy family room, while the formal living and dining rooms provide added space for entertaining or family gatherings. With high ceilings and abundant natural light, every corner of this home feels airy and comfortable. The primary suite is truly a retreat, featuring his and hers vanities and not one but two separate walk-in closets. The property is fenced for privacy and set on a low-maintenance lot, making it perfect for family life or as an investment property. Located in the heart of Marion Oaks, this home benefits from easy access to major roads like Highway 484 and I-75, providing quick commutes to downtown Ocala and beyond. Nearby amenities include the Marion Oaks Community Center and Library, along with local shops, restaurants, and recreation areas like Greenway Park and Ross Prairie State Forest. Owning property in Ocala, Florida offers tremendous investment potential, as this area has become increasingly popular for its blend of natural beauty, affordable living, and a steady influx of new residents. With no HOA fees or Community Development District (CDD) costs, this property is truly on the low maintenance side in a highly sought-after market. Whether you’re looking to call it home or add it to your portfolio, this Marion Oaks gem is a fantastic opportunity! Room sizes are estimates and are to be verified by and/or buyers agent.
Source: STELLAR #l4948583
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4948583
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: #l4948583
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.