50 PECAN RUN CRSE, Ocala, FL 34472
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 current craft room furniture can be removed (sellers are willing to do that), flooring is wall to wall and the closet doors are in the home to be put back into place. 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. Save big on your electric bill with the installed solar system (2022). Monthly electric bill winter $42, summer $83. You will never have to worry about increasing power bills. Solar system is NOT part of the asking price, assumable loan. Washer and dryer will not stay.
You may be able to put down less than the total down payment amount of $90,360 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: #om680400