4711 NE 8TH ST, Ocala, FL 34470
Welcome to your dream home! This stunning 3 bedroom, 2 bathroom concrete block sanctuary is situated on a large cul-de-sac lot in a quiet and safe neighborhood, offering the perfect blend of comfort and tranquility. Step inside to discover a spacious layout featuring an additional family room, adorned with a cozy wood-burning fireplace, ideal for intimate gatherings or relaxing evenings. The heart of the home lies in the beautifully appointed kitchen, where brand new appliances (installed in 2024) shine against modern cabinetry and sleek countertops. Whether you're a culinary enthusiast or simply enjoy the art of entertaining, this kitchen is sure to inspire your inner chef. As you explore further, you'll be delighted to find a tranquil oasis awaiting in the backyard. A sparkling pool, complemented by a paver patio, beckons you to unwind under the warm Florida sun. Adjacent to the pool, an enclosed patio offers a serene retreat for savoring morning coffee or alfresco dining. But the allure doesn't end there. This property is equipped with a 300 square foot workshop, complete with electric, providing ample space for hobbies or projects. Safety and security are paramount, as evidenced by the security lights installed by an electrician in 2022, ensuring peace of mind for you and your loved ones. The recent addition of a new HVAC system (Dependable Heating and Air, 2022) ensures year-round comfort, while tinted sunroom windows (2022) offer enhanced energy efficiency and privacy. Further enhancing the appeal of this home is the termite bond (Florida Pest Control, 2022), providing valuable protection against unwanted guests. For furry friends, a dog pen fence surrounds the property, offering a safe and secure environment to roam and play. Recent upgrades include the replacement of flooring and toilet in the guest bathroom (2024), adding a touch of modern elegance to this inviting space. Additionally, the installation of a concrete driveway (2022) eliminates the hassle of asphalt and enhances curb appeal. Don't miss your chance to make this remarkable residence your own. Schedule a viewing today and experience the epitome of Florida living!
You may be able to put down less than the total down payment amount of $23,372 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: #gc521655