326 Oak Lane Dr, Ocala, FL 34472
3 beds · 2 baths · 1,925 sqft sqft
Update: Vacant lot next door is available to purchase at $44,700. Imagine having no neighbors beside you or behind you or great opportunity for extended family to build next door!! Motivated Seller!! New 2024 A/C Heat Pump Split System. Freshly painted interior, exterior and newly stained decking. Silver Springs Waterfront Concrete Block Home: Stunning lake-front property featuring a new dock leading directly to the water. Enjoy the peace and serenity of Lake Joy & the beautiful community of Silver Springs Shores. Enjoy having a lakeside park within walking distance to your home as well as all the benefits of Silver Springs Shores Community Center. Views of waterfront from most all of the rooms in the home. The sunsets are nothing short of breathtaking. Freshly painted exterior, freshly painted interior , beautifully landscaped, turn-key ready, NOT located in FLOOD ZONE, NEW ROOF, and a new a/c heat pump split system to keep you cool. This 3/2 concrete block home has been meticulously maintained and it shows in every aspect. The home is bright and cheerful with lots of natural sunlight in each room. The kitchen is a chef's dream w/cabinet organizers and features only 3 year old Samsung grey stainless steel appliances, and tons of cabinet space. You will love having two (2) living areas which makes entertaining your guests a delight or perfect for multi-generational living. Split floor plan for maximum privacy. Cedar wall in primary closet for added luxury. Spacious walk-in closet in primary bedroom. High cathedral ceilings. Fully fenced in yard with curb it flower beds. Bonus room makes for a great flex room or even a fourth bedroom. Shed is already hooked up with electric. Ring cameras convey. Only $10 a month for the HOA and it includes trash pick up and all the amenities the Silver Springs Shores Community Center; pool access, fitness center and more. The community center facilities include:3 swimming pools, basketball, pickleball, & tennis courts. The Country Club at Silver Springs Shores is conveniently located across the street from the Silver Springs Shores Community Center and features a 18 hole championship golf course facility with restaurant and banquet facilities.
Source: STELLAR #gc523058
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc523058
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: #gc523058
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.