4653 SW 132nd St, Ocala, FL 34473
3 beds · 2 baths · 1,697 sqft
One or more photo(s) has been virtually staged. Experience the ideal combination of comfort and convenience in this 1,697 sqft single-family home nestled in the peaceful Marion Oaks Unit #7 community in Ocala, FL. Featuring 3 bedrooms and 2 bathrooms, this home is thoughtfully designed to create a warm and inviting living space. The fully equipped kitchen includes energy-efficient appliances such as a dishwasher, washer, and dryer, making daily tasks effortless. Stay comfortable year-round with forced air heating and central air conditioning. Step outside to enjoy a private patio, perfect for unwinding or entertaining guests. Additional conveniences include a garage and off-street parking for extra space. Plus, the keyless entry system adds a touch of modern security and ease. Make this beautiful home yours and enjoy the perfect mix of style, comfort, and practicality!
Source: STELLAR #OM696664
Financials
Source: STELLAR #OM696664
Source: Public records
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%. 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.
Other resourcesWhat 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.