25 Maple Crse, Ocklawaha, FL 32179
3 beds · 2 baths · 1,383 sqft
Assumable VA loan at 2.49%! Welcome to this charming 3-bedroom, 2-bathroom home in Ocklawaha, Florida, offering the perfect blend of comfort, convenience, and peaceful country living. Built in 2007, this well-maintained home sits on a generous .23-acre lot with NO HOA, providing plenty of room to relax and enjoy your surroundings. Inside, you’ll find a spacious 1,383 sq ft layout with a bright and airy open floor plan, highlighted by vaulted ceilings in the main living area that enhance the home’s natural light and energy efficiency. The updated kitchen is a standout feature, with additional cabinets, a large pantry, a breakfast bar, and a cozy dining area for easy meals and entertaining. The large primary bedroom includes an en suite bathroom with a tub and shower combo for ultimate comfort and convenience. Two additional bedrooms offer plenty of space for family or guests, while a versatile den provides the perfect spot for an office, playroom, or cozy retreat. Recent updates include freshly painted interiors and exteriors, high-quality laminate flooring installed in late 2022, an updated water softener, a workbench in the garage, window rehabilitation, and an updated drainfield—adding both beauty and functionality. The property is fully fenced, offering privacy and security, with a large front-facing gate allowing for drive-through access to the spacious backyard. A large shed provides additional storage space for tools, toys, or outdoor equipment. Enjoy the tranquility of the country on the inviting front porch or in the expansive backyard, which offers plenty of room for outdoor activities and entertaining. Don’t miss your chance to own this lovely home in Ocklawaha—schedule your showing today!
Source: STELLAR #O6282919
Financials
Source: Public records
Source: STELLAR #O6282919
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.