578 NE 44th Ave, Ocala, FL 34470
3 beds · 2 baths · 1,347 sqft
$5,000 BUYERS CLOSING COST CREDIT! Cute home / great location. Oversized lot is .42 acres and located in a desirable SE location won't last long! The home was originally built in 1977, includes 3 bedrooms, 2 bathrooms and 1347 living square feet under roof. Upon entering the home you will see a tiled foyer which carries through the hallway and sunken living room to your right. Living room has a wood burning fireplace and a huge picture glass window providing lots of natural light. Living room slider leads to a 10 x 27 screen room and steps up to the dining area. Kitchen is open with a dining area, with wood painted cabinets, lots of counter space, range, refrigerator and DW. Main bedroom is cozy in size with carpet, nicely sized closet and has full bathroom with large soaker tub/tiled walls. Bedrooms 1 & 2 include carpet and guest bath includes soaker tub with tile surround. Back door leads to a 7.5'x16' wood deck overlooking a large back yard. Detached garage is perfect for one car and has washer and dryer hookups. Rock cement water features could easily be set up again and mature trees and hedges provide nice privacy. Close to schools, shopping and dining! NO HOA!! Only minutes away from Silver Springs State Park, Appleton Museum, golf, shopping, restaurants, and medical options. What more could you ask for? Schedule a private showing today before it's too late! New roof 10/2020
Source: STELLAR #OM697009
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #OM697009
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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 of Equal Opportunity Act.