5575 SW 87th Ln, Ocala, FL 34476
4 beds · 2 baths · 2,297 sqft
Discover luxury and comfort in this exquisite 4-bedroom, 2-bathroom home located in the Majestic Oaks subdivision. Step into the elegant living room featuring stunning marble floors and white columns, which seamlessly lead into the formal dining room adorned with a magnificent chandelier and tasteful tile flooring. The kitchen is a chef's dream with light-colored cabinets, a built-in stove, cooktop, microwave, dishwasher, and a convenient wine refrigerator. Enjoy casual meals at the breakfast bar or entertain with ease at the separate wet bar boasting granite countertops. The adjacent dining area opens to a spacious 26 x 10 screened-in lanai, perfect for indoor-outdoor living. This home also features an inside laundry room with a laundry tub for added convenience and an air-conditioned garage perfect for all your crafts or woodworking needs. Retreat to the master bedroom, complete with a recessed ceiling, dual walk-in closets, and an en suite bathroom. The lavish private bathroom includes a soaking tub, a separate tile and glass dual showerhead shower with its own water heater, dual vanities, a linen closet, and a private water closet. The three additional bedrooms offer tile floors and built-in closets, providing ample space and storage. The exterior of the home has been freshly painted, and the maintained lot boasts mature landscaping. Conveniently located near Hwy 200 for easy access to grocery shopping and travel via I-75. Call us today for your private tour of this beautiful home in Majestic Oaks!
Source: STELLAR #om681526
Source: STELLAR #om681526
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: #om681526
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.