3920 SE 7th Ave, Ocala, FL 34480
4 beds · 4 baths · 3,154 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Fabulous two story home in the guard-gated community of Bellechase situated on a spacious and private 0.33 acre lot in the Willows! Lovely curb appeal with paver driveway leading to the 3 car garage and covered front porch. The tall door welcomes you to the foyer with beautiful porcelain tile floors that carry throughout the main floor of the home. The open floor plan features tall ceilings, added lighting and window treatments plus a powder room for daytime guests. The kitchen offers quartz countertops with a stainless steel appliance package including a French door fridge, built-in oven & microwave and gas cooktop. The adjacent butlers pantry offers plenty of additional storage and a large walk-in pantry. You will also appreciate the den/library/office in the front of the home which includes a storage closet. Upstairs, there is an additional loft family room with a wet bar and bar fridge plus adjacent balcony - the perfect space for movie or game nights to make lasting memories with the whole family. The primary suite boasts an ensuite bathroom with dual vanities, large tiled walk-in shower, garden tub, separate water closet and walk-in closet. Two additional bedrooms share a bathroom with dual sink vanity and shower/tub combo while the 4th bedroom offers an ensuite bathroom. The laundry room is conventialy located in the hallway and features front loading washer and dryer with pedestals and a utility sink. Additional features include: covered rear porch with pavers and spacious backyard with room for a pool, tankless gas hot water heater, smart home features–doorbell, lock, Nest thermostats, remote water supply line shutoff and irrigation system. This home also has an ASSUMABLE VA MORTGAGE at 4.125%, which would be a huge savings, inquire for details. Please enjoy the attached video & 3D tours.
Source: STELLAR #OM697920
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #OM697920
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.