5064 NE 60TH TER, Silver Springs, FL 34488
One or more photo(s) has been virtually staged. 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.
You may be able to put down less than the total down payment amount of $258,827 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: #g5084527