716 SE 64th Ter, Ocala, FL 34472
4 beds · 2 baths · 1,828 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Well-maintained Cali model, like new, built in 2021 on a corner lot! This home offers a grand entrance, separate living and dining areas, and an open-concept kitchen featuring granite countertops, a modern island, a large pantry, and top-of-the-line appliances. The home includes 4 bedrooms, split floor plan, with the master suite boasting a luxurious large bathroom with dual sinks, a spacious walk-in closet, and additional storage for enhanced privacy. The remaining 3 bedrooms each come with built-in closets. Additional highlights include a large laundry room and a double garage with acrylic floor protection. Outside, enjoy a back porch and an expansive backyard, ideal for a pool, outdoor kitchen, or play area. Conveniently located near supermarkets, banks, shopping centers, restaurants, and schools, with fully paved roads and city water service, this property offers both comfort and accessibility. Home has been staged to assist with the visibility of your personal items. Staging decor items or furnishings are not included in the sale. Priced to sell! Act quick.
Source: STELLAR #G5090701
Source: STELLAR #G5090701
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 and Equal Opportunity Act.