5545 NW 40TH LOOP, Ocala, FL 34482
WELCOME HOME! IMMERSE YOURSELF IN A PRIVATE OASIS WITH ACCESS TO EXCLUSIVE WALKING, HIKING, AND BIKING TRAILS, ALONG WITH FLAWLESS TENNIS AND PICKLEBALL COURTS. TAKE A REFRESHING DIP IN THE OPULENT RESORT-STYLE POOL, DINE AT THE UPSCALE ON-SITE RESTAURANT, AND REJUVENATE AT THE ELITE ATHLETIC CENTER. THE GOLF CLUB CLUBHOUSE, LAVISH DAY SPA, AND DOG PARK MAKE WAY FOR UNPARALLELED RELAXATION. GATHER WITH FRIENDS FOR A GAME OF RAQUETBALL, PICKLEBALL OR TENNIS. GLIDE ALONG THE TRANQUIL LAKE IN A KAYAK AT SUNRISE, UNWIND WITH A GLASS OF WINE ON THE LAVISH VERANDA, OR INDULGE IN A GOURMET MEAL AT THE EXQUISITE SALT & BRICK RESTAURANT. EXPERIENCE THE EPITOME OF LUXERY LIVING AT OCALA PRESERVE. INTRODUCING YOUR BRAND-NEW-TO-YOU RESIDENCE, CONSTRUCTED IN 2022. THIS BOWMAN MODEL BOASTS 3 BEDROOMS, 2 BATHROOMS, AND 2 CAR GARAGE. THE HOME HAS BEEN ENHANCED WITH STYLISH TILE FLOORING THROUGHOUT. THE KITCHEN FEATURES A GENEROUS ISLAND AND TWO-TONE CABINETS, IDEAL FOR BOTH MEAL PREPARATION AND RELAXING DINING. DESIGNED FOR SEAMLESS CONNECTION BETWEEN THE LIVING AND DINING AREAS, THIS HOME COMES EQUIPPED WITH A SMART HOME TECHNOLOGY PACKAGE. EACH BEDROOM IS EQUIPPED WITH A CEILING FAN, AND THE RESIDENCE INCLUDES GRANITE COUNTERTOPS AND A SOFT WATER FILTRATION SYSTEM. ENJOY THE PRIVACY PROVIDED BY THE BACKYARD'S PRIVACY WALL, WITH ONE SIDE ALREADY FENCED AND THE OPTION TO ADD FENCING TO THE OTHER SIDE AS DESIRED. OPEN LANAI AND ELECTRIC GARAGE DOOR OPENER. MINUTES FROM WORLD EQUESTRIAN CENTER, SHOPPING AND MORE. RAINBOW RIVER IS ABOUT 30 MINUTES AWAY. YOU ARE WITHIN AN HOUR AND HALF TO 2 HOURS OF MOST BEACHES. SCHEDULE YOUR PRIVATE TOUR TODAY! PROPERTY HAS A SURVEY THAT YOU MAY BE ABLE TO USE.
You may be able to put down less than the total down payment amount of $97,472 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: #om683775