4711 NE 8th St, Ocala, FL 34470
3 beds · 2 baths · 1,856 sqft
Under contract-accepting backup offers. Short Sale. BACK ON MARKET - BUYER BACKED OUT ON CLOSING DAY! 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!
Source: STELLAR #gc521655
Source: STELLAR #gc521655
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: #gc521655
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.