4840 NW 110th Ave, Ocala, FL 34482
3 beds · 2 baths · 1,716 sqft sqft
LOCATION LOCATION LOCATION!!! FARMLAND PRESERVATION AREA!!! Arguably the Prettiest Iconic Representation of Farmlife in NW Ocala. This 3.5+- acre property is simply "Magical" and almost impossible to duplicate. It currently has a nice Clean Manufactured Home that is tucked away up high in the rear of the property with no deferred maintenance. A very private setting that adjoins a large pasture in the rear. This home was solidly built with 2X6 Construction. Offering Front and Back Decks. The Home has an Open Floor plan, granite, crown molding, wood cabs, updated guest bath and Solid surface flooring. You will feel right at home as soon as you walk in. The Large Island Kitchen is open to the Dining room and Living room. The Split plan offers a generous Primary Suite and 2 other nice sized Bedrooms . One is currently used as a Den. There is a separate one bedroom RV that is being used as an AirBnB. It is tucked away and very private as well, overlooking the beautiful Landscaping and Wet Weather Creek. The Possibilities for this property are endless. Seller says the county will allow 2 more RV's if you like. Someone may want to move the Manufactered home and build a new Home. The location certainly warrants it. There are NO DEED RESTRICTIONS or HOME OWNERS ASSOCIATION. Zoned Agricultural and located in the protected "Farmland Preservation Area". 5 Minutes to the World Equestrian Center and out of the hustle and bustle. There are more Horses than Humans in a 5 mile radius. Publix is a 10 minute drive as well as Restaurants and Medical facilities. This comes furnished and ready for occupancy. The Property is zoned AE & X for Flood zone. The Primary residence is NOT in the Flood zone. There is a WET WEATHER CREEK and a SMALL POND that collects overflow. This has not been a problem for the current owners over the past 8 years and they have expressed they don't experience flood issues. Don't miss this one!! Make your appointment to see it today.
Source: STELLAR #om689384
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om689384
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: #om689384
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