25 BAHIA CRSE, Ocala, FL 34472
***ASSUMABLE MORTGAGE AT 3.25 INTEREST RATE FOR QUALIFIED BUYER*** I'm gorgeous inside! Newly built 2022! Stunning 4-Bedroom, 2-Bath Smart home with 2319sqft, sitting on a huge corner lot in the exclusive Gated Golf Community of Lake Diamond. Located within the Lake Diamond Golf and Country Club, homeowners can enjoy golfing with neighbors and friends! Upon entering the home, you are first greeted by tile floors that flow seamlessly throughout the main living areas of this truly exceptional residence. Featuring a highly sought-after split open floor plan, that offers both privacy and flow for modern living. The sellers have spared no expense with upgraded lighting/ceiling fans, bath fixtures, and vinyl fencing for the expansive backyard. Create memorable meals in this gourmet kitchen, a chef's delight, equipped with Whirlpool stainless-steel appliances, granite countertops, tile backsplash, kitchen island, wooden cabinetry and a large pantry. The spacious Primary Suite boasts picturesque backyard views and a massive walk-in closet. Including a luxurious en-suite bathroom with a waterfall showerhead, upgraded glass shower doors and faucets, his-and-hers sinks, and a private water closet. Additionally, there are plenty of oversized closets throughout the home for all your storage needs. Outside, the ENORMOUS FENCED-IN YARD, surrounded by gorgeous pine trees offers the peace and tranquility you have been searching for. Plenty of room for a pool, firepit, gardening, and so much more. And don't worry about those rising energy costs, or potential power outages. This home comes equipped with Solar panels already installed with a fixed payment and battery backup to power your home for up to 60 days should you ever lose power. Florida living at its finest! Conveniently located near schools, parks, refreshing springs, and shopping. This home provides easy access to everyday amenities while maintaining a sense of tranquility. Don't miss out on this charming home in the perfect suburban atmosphere you've been looking for!
You may be able to put down less than the total down payment amount of $75,076 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6238853