716 Hickory Course Loop, Ocala, FL 34472
4 beds · 2 baths · 1,830 sqft sqft
This property offers a rare VA assumable loan with an incredible 2.75% interest rate, allowing qualified buyers to save significantly on monthly payments in today’s high-rate market. Imagine owning this home with lower payments and maximizing your buying power. Don’t miss this unique financing option – reach out today to learn how this could be the perfect fit for you! Welcome to your dream home! Move-in ready and built in 2021, this exceptional 4-bedroom, 2-bathroom residence is nestled on the 8th golf green, offering stunning views and an unbeatable blend of modern comfort and convenience along with an affordable HOA fee of $56 a month. Why wait for new construction when you can enjoy high-end finishes and thoughtful design from day one? The open-concept kitchen boasts elegant granite countertops, a stainless steel sink, and a brand-new 1-horsepower InSinkErator for all your culinary needs. The bathrooms are equally stylish with sleek quartz countertops and refined brushed nickel faucets, complemented by matching brushed nickel door handles throughout the home. Ceiling fans are installed in every room to ensure year-round comfort, while the stylish tile flooring in the main areas and durable vinyl plank (LVP) in the bedrooms add warmth and charm. At the back of the lot, near the golf green, you’ll find a charming garden with maturing plants, all conveniently connected to a sprinkler system. The garage is just as impressive, featuring epoxy-coated flooring, shelving for extra storage, and a 50-amp plug for any additional needs. With professionally installed rain gutters and a full sprinkler system keeping the lush St. Augustine grass pristine, this home truly has it all. Perfectly positioned for golfers and nature lovers alike, this property offers a lifestyle of comfort, style, and ease. Don’t miss your chance to own this slice of paradise!
Source: STELLAR #om686588
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om686588
Source: Public records
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 30-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: #om686588
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.