65 PECAN LOOP, Ocala, FL 34472
NO HOA OR AGE RESTRICTIONS!! Discover the perfect & biggest house for sale in the entire neighborhood!!! Perfect blend of elegance and functionality in this stunning 3-bedroom, 2-bathroom home, meticulously maintained and thoughtfully designed. Built in 2000, this spacious residence boasts both a formal living room and a regular living room, a formal dining room and a regular dining room, along with a bonus office room to cater to all your lifestyle needs. Situated on an oversized private cul-de-sac lot spanning 0.39 acres with plenty of room for a pool, this property features a chain link fence for added privacy and a convenient shed for extra storage. Recent upgrades include a brand new roof installed in 2023, and a new water heater element in 2023 ensuring peace of mind for years to come. The kitchen is a chef’s delight, complete with granite countertops and stainless steel appliances. An 8-zone sprinkler irrigation system keeps the lush landscape vibrant, while the laundry room, equipped with a sink and extra cabinetry, adds a touch of convenience. The bathrooms are designed with luxury in mind, offering his and her sinks and walk-in showers. With wheelchair accessible hallways and custom pull-down privacy blinds throughout, this home is as practical as it is beautiful. Located just minutes away from Maricamp Road, downtown square, you’ll have easy access to shopping, gas stations, eateries, and medical facilities. This home also has an assumable VA mortgage at a 2.75% interest rate for all VA loans. As the largest home in the neighborhood, this one-of-a-kind gem stands out for its size and unique features. Don’t miss the opportunity to make this exceptional property your new home.
You may be able to put down less than the total down payment amount of $93,980 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: #om682755