6094 SW 88th Loop, Ocala, FL 34476
3 beds · 3 baths · 2,615 sqft
WELCOME to your perfect retreat in one of Ocala's premier 55+ communities. The Monroe floor-plan is a 3 bed, 3 bath, 3 car garage with a beautiful open plan flow, volume ceilings and other great features such as screened entry foyer, formal dining room, living & family room, plus an office or flex room. The open kitchen includes stainless appliances, and the option of a casual dining nook in addition to the breakfast bar. Spacious master suite overlooks the screened in lanai while HUGE dual closets provide plenty of storage area. Master bath has dual sinks and a spacious walk-in shower. The second master suite benefits from its own en-suite, making it perfect for visiting family or guests. Rear patio has been upgraded with pavers and landscaping beds, fenced in backyard and home has been fitted for smart home capabilities. JB Ranch contains numerous amenities including a clubhouse, heated pool, fitness center and various activity courts. Minutes from shopping and grocery, you are also close to Interstate 75, allowing you to hit all of Central Florida's hot spots. Don't miss this opportunity!
Source: STELLAR #om687719
Source: STELLAR #om687719
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: #om687719