37 Pecan Pass Trl, Ocala, FL 34472
3 beds · 2 baths · 1,660 sqft
Discover the perfect blend of comfort, functionality, and outdoor living in this charming 3-bedroom, 2-bath home—your dream home awaits! This home is loaded with head turning curb appeal! A screened in porch leads to an open concept living/dining room area. Cathedral ceilings and upgraded fans are in true FLORIDA style! Tile flooring in the living room transitions to vinyl plank flooring throughout the rest of the home. The floor plan features a sought-after split bedroom plan, with the master bedroom and ensuite on one side of the home for privacy, and the other two bedrooms and full bath are on the opposite side. The master bedroom lets in plenty of bright light and has a walk-in closet. The bathroom is newly renovated with floor to ceiling tile in the spacious walk-in shower, new vanity and ample upgraded lighting. The two guest bedrooms have plenty of storage with 2 sliding mirrored doors in each room. The second bathroom has an upgraded vanity and fixtures along with a tub. Enjoy being in the kitchen with updated Whirlpool appliances, a glass tile backsplash and artistic lighting fixtures. A spacious butler’s pantry offers ample storage for your appliances and items. Maybe a coffee bar? The laundry room also houses the well bladder and a whole house water filter system. A converted garage is the perfect space for an office or man cave (can easily be converted back to a garage). Step outside and enjoy a variety of amenities! The back yard is completely fenced in and has a covered dog run. French doors open up to a bright, spacious and airy screened in porch. Enjoy evening dinners and gatherings outside while watching TV. A hot tub is enclosed by fencing for privacy, enjoy a soak under the stars! An 18 x 20 shed has gated storage in the back. Sit and enjoy the sound of the fountain or invite friends for a BBQ on the back patio! Golden Goddess bamboo lines the back of the yard for added privacy. There is gated storage on the right side of the house, perfect for your RV, trailer or other storage. The driveway pad was expanded 4 years ago to comfortably fit 4 cars. There an electrical hook up for an RV and a generator. The roof, water heater, HVAC system was replaced in 2018, Solar Panels in 2022. You will find plenty of nearby shopping, great schools, a number of parks and recreation areas and Orlando just over an hour away! The perfect home to make new memories is waiting for you!
Source: STELLAR #TB8362485
Financials
Source: Public records
Source: STELLAR #TB8362485
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.