50 Pecan Run Crse, Ocala, FL 34472
3 beds · 2 baths · 1,740 sqft
Welcome to this charming 3/2 country style home. You will fall in love with this beautifully renovated and decorated beauty. Step into the iving/dining room area with open kitchen, characterized by its warm, inviting, and comfortable aesthetic that blends traditional elements with rustic charm. The colors are warm and blend perfect with the crisp white kitchen and wood countertops. Luxury vinyl flooring throughout most of the home complete the country feeling of this house. The wood burning fireplace will be perfect for cooler nights. Wall paneling, crown molding and window casings add to the elegance. The kitchen features a double built in oven, stove top, newer refrigerator, dishwasher and microwave. Off the living room is a small office/hobby room. The home has a screened front porch, enclosed back porch with built in storage and a beautiful wooden deck with pergola for your outdoor enjoyment. Yard is fully fenced and has irrigation. The shed will convey. The garage is currently divided with a light wall to divide laundry space from garage space but can be taken down easily. Roof was replaced/ roof over in 2021, new AC installed June 2024. The home also comes with a security camera system. Refrigerator in garage will not convey. The energy-efficient home comes with a newer (2022) solar system. Save big on your electric bill (average $40-$80 per month) You will never have to worry about increasing power bills. Solar system will be paid off by seller at closing. Washer and dryer will not stay. Motivated seller, moving out of state. Home has an assumable mortgage at 2.875% interest.
Source: STELLAR #om680400
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om680400
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: #om680400
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.