4236 SW 111TH PL, Ocala, FL 34476
EVERYTHING HAS BEEN DONE FOR YOU!! MOVE IN READY 4 BDRM 2 BATH POOL HOME WITH FENCED .62 ACRE YARD AND 2 STORAGE BUILDINGS!! ENTER THROUGH THE FOYER TO YOUR OPEN CONCEPT LIVING AND KITCHEN AREA AND ON TO THE DINING AREA WITH COVERED PORCH AND POOL ACCESS. KITCHEN FEATURES AN ABUNDANCE OF CABINETS AND GRANITE COUNTERTOPS INCLUDING A LARGE CENTER ISLAND WITH SINK AND EAT AT BAR, FULL SIZE PANTRY CLOSET AND SEPARATE BAKING OR COFFEE STATION. PENDANT LIGHTS OVER THE BAR ADD SPARKLE! GUEST WING FEATURES TWO BDRMS WITH A SHARED FULL BATH. BOTH BDRMS HAVE CARPETING, CEILING FANS AND FULL WALL CLOSETS. PRIVACY FOR YOU AND YOUR GUESTS OR THE FAMILY. THERE IS ANOTHER FULL BDRM WITH WALK IN CLOSET, FAN AND CARPETING IN THE FRONT OF THE HOME THAT IS CURRENTLY BEING USED AS AN OFFICE. THE PRIMARY BDRM IS A 14 X 17 OASIS THAT ADDITIONALLY OFFERS TWO WALK IN CLOSETS, SEPARATE TUB, LARGE WALK IN SHOWER WITH BENCH, DBL SINKS AND A SEPARATE ROOM FOR THE TOILET. THERE IS AN INSIDE LAUNDRY OFF THE KITCHEN WITH WASHER AND DRYER INCLUDED!! ALL WET AREAS, KITCHEN, LIVING AND DINING AREAS ARE EASY CARE CERAMIC TILE…ONLY BDRMS ARE CARPETED. OUT DOORS IS NICELY LANDSCAPED BUT REQUIRING A MINIMUM OF WORK…THE PERFECT COMBINATION! SMART FENCING SOLUTIONS MAKE YOUR HOME, PETS AND FAMILY SAFE WITH PERIMITER WOOD PRIVACY FENCING, LOCKING VINYL FENCING AROUND POOL AND A CHAIN LINK AREA TO CONFINE PETS. ONE STORAGE BUILDING IS A 10 X 16 SHE SHED WITH A/C, ELECTRIC AND INSULATION. PERFECT FOR CRAFTS OR HOBBIES. IT EVEN HAS AN ADORABLE FRONT PORCH AND BOTH SHEDS ARE ALL METAL. THE SECOND SHED IS IDEAL FOR GARDEN SUPPLIES AND IS 8 x 8 SET UP FOR ELECTRIC FOR THE BUYER TO CONNECT.
You may be able to put down less than the total down payment amount of $218,856 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #om685181