5908 NW 24th St, Ocala, FL 34482
2 beds · 2 baths · 1,770 sqft
Welcome to your dream home in the 55+ Ocala Palms Golf Course community! This rare FIGI model residence boasts a perfect blend of comfort and elegance, featuring 2 bedrooms, 2 bathrooms, and a versatile den/office space. Nestled on a desirable corner lot, this home offers privacy and tranquility with its fenced and meticulously landscaped yard. Step into your own oasis with a charming paver patio, perfect for entertaining or enjoying a quiet morning coffee surrounded by nature. The enclosed sunroom provides an additional space to bask in the Florida sunshine while maintaining a comfortable, bug-free environment. Inside, the heart of the home unfolds with an open floor plan that seamlessly connects the living, dining, and kitchen areas. The updated kitchen is a chef's delight, showcasing modern amenities and stylish finishes. The flooring throughout has been thoughtfully selected, providing both beauty and durability. Every detail has been meticulously maintained, ensuring a move-in-ready experience for the lucky new homeowners. As a resident of Ocala Palms Golf Course community, you'll have access to an array of amenities, including the championship golf course, clubhouse, and more. Conveniently located within 3 miles to World Equestrian Center and 15 minutes to Downtown Ocala for your shopping and dining pleasure. Also located next to I-75, providing you quick access to all of Florida's wonderful amenities. Don't miss the opportunity to make this home yours and experience the best in 55+ living. Schedule your private showing today! New Roof 2019, AC 2019, WH 2018. Refrigerator and microwave shown in the photos have been replaced with stainless steel appliances.
Source: STELLAR #OM693659
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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 #OM693659
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.