1474 NE 59th St, Ocala, FL 34479
3 beds · 1 baths · 1,275 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. PRICE IMPROVEMENT + SELLER OFFERING $5,000 TOWARDS BUYER CLOSING COSTS! Take a look at this charming, cozy and updated home! This inviting 3-bedroom, 1-bathroom home is nestled on a spacious 0.32-acre lot in a peaceful NE Ocala neighborhood. The fully fenced backyard offers privacy and is perfect for pets to play freely. Enjoy the comfort and beauty of recent updates throughout the home, including fresh flooring, modern appliances, and major system upgrades. Property Highlights: Updated Flooring: Beautiful hardwood floors in the living room and two bedrooms. Newly installed laminate flooring in the primary bedroom, bath, kitchen, and Florida room (March 2025).New Roof (2022): Rest easy with a roof that was replaced in 2022 and comes with a transferable warranty. New Windows (2022): All windows in the home were updated for better energy efficiency and curb appeal. New HVAC System (2024): Stay comfortable year-round with a brand-new HVAC system installed in 2024(Transferrable 10-yr Warranty). New kitchen sink and refrigerator (January 2025). New stove (December 2024) and bathroom toilet (December 2024). New microwave (March 2025). Additional Features: Septic System: Recently pumped in January 2025, ensuring peace of mind. Private Backyard: Fully fenced, ideal for outdoor activities, pets, or simply relaxing in a quiet setting. This well-maintained home is move-in ready, offering a cozy atmosphere with modern updates and plenty of room for family and friends. It’s the perfect place to call home in a serene Ocala neighborhood. Contact us today for more information or to schedule a showing!
Source: STELLAR #OM697382
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 #OM697382
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 of Equal Opportunity Act.