5585 NW 62nd Pl, Ocala, FL 34482
3 beds · 2 baths · 1,473 sqft
Get a free consultation call with an expert in the mortgage assumption process.
ASSUMABLE FHA LOAN 3.625% INTEREST RATE. Your Dream Garden awaits at this Quaint 3 Bed/2 Bath Cape Cod Home! Located just 10 minutes from the World Equestrian Center, and a short 20-minute drive to Rainbow Springs in Dunnellon. Featuring; 2017 Roof, 2016 HVAC, split bedroom floor plan, cathedral ceiling, plant shelving, bay windows, and laminate flooring in common living areas. The chef’s kitchen is a gourmet haven boasting high-end appliances, mahogany cabinets, breakfast nook, skylight, and hanging pot rack. The master suite offers a walk-in closet, ensuite with two separate sink vanities, shower and jetted tub combo. A cozy wood-burning fireplace accents the den which doubles as a versatile space, serving as a home office or 3rd bedroom. Step outside onto your all weather glass enclosed Lanai/Florida Room and immerse yourself in the serene ambiance of your lush garden. Stroll thru your personal Eden wrapped in privacy hedges, variety of exotic flowers and native plants with blooming foliage year round. A fenced backyard, sprinkler system, water softener, generator and storage shed enhance utility and efficiency to the property. The home also includes a termite bond with bait stations and transferable service to the buyer. Don't miss your chance, schedule a viewing today and make this your forever home. NO HOA, NO Flood Zone!
Source: STELLAR #OM697941
Source: STELLAR #OM697941
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.