323 NW 25th St, Ocala, FL 34475
3 beds · 2 baths · 2,021 sqft sqft
Spacious home situated in the heart of Ocala, ideal for families in search of additional living space. Upon entry, you’re welcomed by a brilliant semi-open floor plan. The spacious living area seamlessly connects to the adjacent dining room. The kitchen features contemporary stainless-steel appliances, quartz countertops, and a striking central island, creating an enjoyable environment for culinary activities. Furthermore, this delightful home boasts two bathrooms that have been professionally renovated, complete with a built-in shower bench and rainforest shower heads in the master bath. Updated super-spacious master bedroom that includes a walk-in closet, an admirable fireplace and a sliding glass door that opens toward the huge patio area. The spacious backyard offers a peaceful retreat, ideal for outdoor gatherings or simply enjoying the Florida sunshine with parking space for more than 4 RVs. Spacious home that includes a newly 2022 updated metal roof, modern air conditioning units and water heater that are less than three years old, along with updated laminate flooring throughout, and complemented by ceramic tiles in the kitchen and bathrooms. This LOT IS DESIGNATED AS R-3 MULTIFAMILY, enhancing its appeal for potential expansion and additional income opportunities. Seize this exceptional opportunity; ACT NOW TO PURCHASE!
Source: STELLAR #tb8310653
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8310653
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: #tb8310653
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.