20 Sequoia Loop Trak, Ocklawaha, FL 32179
3 beds · 2 baths · 1,362 sqft sqft
This charming single-family home, built in 2007, offers modern comfort and convenience while being nestled in a peaceful, secluded area. Situated on a 0.26-acre lot, this property is one of only two homes on its road. Home offers assumable mortgage! 3 spacious bedrooms, each fully furnished with beds, dressers, and computer desks with chairs, offering a cozy and ready-to-move-in environment. Large windows in each room provide plenty of natural light. 2 full bathrooms, both featuring modern fixtures and finishes. The kitchen is equipped with newer appliances, including a refrigerator, stove, oven, microwave, and dishwasher. It features a breakfast bar and plenty of cabinet space for storage. The kitchen is also fully furnished with a kitchen table and a matching dishware cabinet with a set of eight. An open concept living and dining area that provides a welcoming space for family gatherings and entertaining guests. It includes couches, bookcases, rugs, and paintings on the walls that add a touch of elegance and warmth. A 2-car garage with automatic door, providing secure and convenient parking. The backyard is enclosed with a durable vinyl fence, which includes a gate large enough for vehicle access. The well maintained and spacious yard is ideal for outdoor activities and even has enough room to install a pool. Both the well and air conditioning system have been recently serviced, ensuring reliable water supply and efficient cooling. The property is not located in a flood zone, offering peace of mind regarding potential flood risks. The home is in a secluded area, providing a quiet and serene living environment. Despite its seclusion, it is a short drive to town, making it convenient for shopping, dining, and other amenities. This 2007 home combines modern living with privacy and convenience, making it an ideal choice for those seeking a peaceful retreat without sacrificing accessibility to urban amenities. The fully furnished interior with many other extras ensures that you can move in and start enjoying your new home immediately. Home offers assumable mortgage!
Source: STELLAR #g5082780
Source: STELLAR #g5082780
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5082780