6094 SW 88TH LOOP, Ocala, FL 34476
Beautifully maintained home in JB Ranch! Make this home your own and watch the sunset in your own outside oasis with an enhanced privacy view. This one owner home has been meticulously cared for with great attention to detail. Both front and back porches have been screened in to enjoy the breeze on those cool winter evenings. The rear porch has been upgraded with paver flooring, and just beyond the porch is a paver patio to enjoy a little rest and relaxation. Paver landscaping beds line this outside space and add another element of class and charm to this fenced-in back yard. This lovely home includes 3 bedrooms, 3 bathrooms and a three-car garage. Two of the bedrooms are master suites, including their own private bathrooms. This home includes a den/office, formal living room, dining room, family room and kitchen with a breakfast nook. The flooring in the main living areas and bathrooms include ceramic tile with luxury vinyl plank flooring in the master bedroom. This beautiful island kitchen has quartz countertops, 42” raised panel wood cabinetry and stainless-steel appliances, while the bathrooms include quartz countertops and tiled shower enclosures. Additional upgrades include a ring doorbell, integrated internet hot spots, and yard irrigation. This home has plenty of room to entertain and enjoy Florida living to the fullest. This gated community is located close to shopping, restaurants and many conveniences, as well as easy access to I-75, FL-200 and Florida’s Turnpike system. This is a well maintained, 55+ community offering many amenities, including a pool, fitness center, Bocce Ball, Pickle Ball, trash pickup and lawncare! Schedule your showing today!
You may be able to put down less than the total down payment amount of $282,570 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #om676700
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.