7181 SW 64TH STREET RD, Ocala, FL 34474
Gorgeous Gardenia located on a spacious corner lot in sought after neighborhood of Calesa Township. This home has 4 bedrooms, 4 bathrooms, a 2 car garage, air conditioned workshop, and a large screened lanai! The 2nd bedroom is located at the front of the home with a private entrance, carpet, fan and private bath. The 3rd bedroom also has carpet, fan, and en-suite. Both the 2nd and 3rd bathrooms have tile floors, quartz single vanity sink, and a tub/shower. Follow through the foyer to the open great room with tray ceiling, carpet, and ceiling fan. The kitchen features dark cabinets, large island, stainless steel appliances, granite counters, and a nest with built in cabinets, mini fridge, sink, and walk in pantry. Split floorplan allows for tons of privacy with the 4th bedroom located at the back of the home. Bedroom features include carpet, walk in closet, and ceiling fan. The 4th bathroom is easily accessible from the added door leading to the screened lanai with a sink with quartz counters, and a shower with glass doors. The master suite has a large walk in closet, ceiling fan, large window, and carpet. The master bath has 2 spacious sinks with quartz counters, and a tiled walk in shower with a seat. Enter the huge screened lanai through your sliding glass doors to find 2 fans, and pre wiring/plumbing for outdoor kitchenette. The workshop in the garage is under air with space for a gym! Don’t miss the opportunity to make this exceptional home yours!
You may be able to put down less than the total down payment amount of $37,766 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: #om683778