4340 SE 56th Ln, Ocala, FL 34480
3 beds · 2 baths · 2,006 sqft
Truly a rare find! A Beautiful Pool Home perfectly situated on a Large Lot in a highly sought after Neighborhood! You can truly have it all. Enjoy Florida Living with a Central Location in a gorgeous subdivision with NO HOA. The over-sized lot boasts a Very Large In-Ground Pool, an Expansive Rear Screened-In Porch and a covered Front Porch as well. The Backyard is perfect for entertaining and even hosts an irrigated Raised Garden Bed and a thriving Peach Tree. After enjoying all of the features outside, You can come right in to a Move-In Ready Custom Floor Plan that has all of the Space You Need. The Bonus Room in the Front has Tile Flooring, French Doors, and a Lovely Bay Window. This room would be perfect for a Den, an Office, or even a Large Formal Dining Room. The Kitchen has been Completely and Tastefully remodeled with Solid Wood Cabinets, Stone Countertops, New Flooring, an excellent Dining Space, and even a Solar Tube for additional lighting. The Spacious Living Room also has New Flooring and has more than enough area for Family Gatherings all centered around a very nice Wood Burning Fireplace. This Well designed home also features a Split Bedroom Plan with each over-sized bedroom enjoying its own Walk-In Closet! There are so many extras! From the New Roof to the Living Room Skylights to the Jetted Tub and 2 Showers in the Master Bathroom. What about the complete Stainless Steel Appliance Package. This is one that you don't want to miss! Some pictures have been virtually staged.
Source: STELLAR #om688577
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om688577
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: #om688577
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.