6875 SE 11th Pl, Ocala, FL 34472
4 beds · 3 baths · 3,029 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. 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. 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.
Source: STELLAR #OM695623
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #OM695623
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.
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.
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.
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.
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.
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.
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.