13 Bay Court Run, Ocklawaha, FL 32179
3 beds · 2 baths · 1,057 sqft
Come take a look at this cute home located in Ocklawaha! Let's dive into the outside of the home. You can relax on the screened-in porch, which offers a perfect spot to enjoy the outdoors while staying protected from insects. The fully fenced yard provides privacy (partial) and security, making it an ideal space. In the back, you can have a nice BBQ on a spacious 16x16 deck, perfect for entertaining guests. Additional exterior features include an 8x8 lean-to for extra storage and a 2021 water softener to ensure high-quality water throughout the home. Once you step into the home, you are greeted by an open floor plan with high vaulted ceilings, creating a spacious and inviting atmosphere. The freshly painted walls and doors give the home a clean, modern look, while the wooden trim throughout adds a touch of rustic charm. The kitchen boasts a new stove and a 2023 dishwasher, ensuring that you have modern and efficient appliances for your cooking needs. Additionally, the home comes with a new washer and dryer, making your move-in process even more convenient. This home is located at the entrance of Lake Weir Preserve, providing easy access to beautiful natural surroundings. Situated in the prime location of the Silver Springs subdivision, it is only 20 minutes from The Villages and Ocala, offering convenient access to shopping, dining, and entertainment options. Don't miss out on this lovely home in Ocklawaha. Schedule a viewing today and experience all the wonderful features! Updated guest shower. New title and tub!
Source: STELLAR #g5084014
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5084014
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: #g5084014
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.