6875 SE 11TH PL, Ocala, FL 34472
SELLER OFFERING A $20,000 CREDIT TO BUYER! Welcome to this stunning listing! This impeccable four-bedroom, three-bathroom home offers a luxurious living experience with an array of desirable features. Step inside to discover a spacious open floor plan highlighted by vaulted ceilings, accentuating the sense of airiness and elegance. The home boasts multiple living areas, providing ample space for relaxation and entertainment. The heart of this home is its gourmet kitchen, equipped with granite countertops throughout, a large center island, and stainless steel appliances. With tons of storage and space, meal preparation becomes a joyous affair. All cabinets feature soft-close drawers and doors, adding a touch of sophistication to the space. The large master suite is a retreat unto itself, featuring two walk-in closets, a double vanity, a garden tub, and a glass-enclosed shower. The perfect sanctuary to unwind after a long day. Enjoy the tranquility of outdoor living in the screened-in back porch, surrounded by vinyl fencing for privacy. Perfect for entertaining guests or simply enjoying a morning coffee in peace. Additional highlights include tile baths and showers, vanities, and toilets in all bathrooms, ensuring both style and functionality. The home also boasts a spacious laundry room, providing convenience and organization. Updates abound in this home, with a new roof being installed prior to closing, ensuring peace of mind for years to come. Plus, newer screens on the lanai and windows add to the home's appeal. Complete with a two-car garage, luxury vinyl plank flooring throughout, and a blend of modern amenities, this home offers the epitome of comfort and style. Don't miss your chance to make this dream home yours! Schedule a showing today.
You may be able to put down less than the total down payment amount of $112,490 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: #om675950