5064 NE 60th Ter, Silver Springs, FL 34488
3 beds · 2 baths · 2,648 sqft sqft
SELLER IS VERY MOTIVATED!!! Welcome to your dream home! This exceptional 3-bedroom, 2-bath split floor plan residence offers the perfect blend of comfort, style, and functionality. Nestled on a mature 1-acre lot, this property boasts an array of features designed to enhance your lifestyle. The house have been fully remodeled, new kitchen, Painted inside, light fixture, flooring, new plumbing, roof 2023 and so much more. Key Features: Spacious Living: Enjoy the ample space of three bedrooms, a dedicated office for your work-from-home needs, and a formal dining room perfect for hosting family gatherings and special occasions. Florida Rooms: Delight in the versatility of two Florida rooms—one equipped with air conditioning for year-round comfort and the other ideal for enjoying the Florida sunshine. Outdoor Paradise: Step outside to your own private oasis! A large deck surrounds a sparkling pool, perfect for relaxing and entertaining. Plus, a free-standing bathroom adds convenience for poolside guests. Garage & Workshop: The property includes a two-car garage and a versatile workshop or additional covered garage combo, providing ample space for your projects and storage needs. Scenic Location: Located near the World Equestrian Center (WEC), Ocala, and Gainesville, you’ll have easy access to top-tier equestrian facilities, vibrant city amenities, and breathtaking natural springs and wildlife areas. This home offers the perfect blend of indoor and outdoor living, making it an ideal retreat for those who love to entertain, work from home, or simply enjoy the beauty of Florida's nature. Don’t miss the chance to own this amazing property. Schedule your private showing today and experience all this home is! Being sold as is and have an assumable VA loan.
Source: STELLAR #g5084527
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5084527
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: #g5084527
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.