8060 SW 59th Ter, Ocala, FL 34476
4 beds · 4 baths · 2,843 sqft sqft
Welcome to your DREAM HOME! This one-story, all concrete block-constructed home has a truly open concept/split floor plan! Featuring a stunning and spacious great room, an informal dining room just off of the sprawling kitchen, and a separate formal dining room that can double as a den, all overlooking a covered lanai. In addition to all of the communal living space, this home features two bedrooms at the front of the home which shares a jack-and-jill full bathroom and is located opposite the powder bath and laundry room, just past which you will find a private multi-generation (In-Law) living space featuring a living room area, large bedroom, full bathroom, and walk-in closet! The Master Bedroom, located at the back of the home for privacy, offers beautiful views of the backyard, and features an en-suite bath with a walk-in closet, soaking tub, and double vanities! The home is completely connected with D.R. Horton’s new smart home system, equipped with a full stainless steel appliance package and granite countertops in the kitchen. As if all of the features of this home weren't enough, it is located in among the rolling hills and horse farms of Ocala, in the wonderful community of Brookhaven, which will consist of 330 homesites and allows for a short commute to shopping, restaurants, and local area attractions! Including downtown Ocala, as well as providing ease of access to I-75! Homeownership in Brookhaven comes with the perk of enjoying a community pool, cabana, clubhouse, and playground for the littlest members of your family, putting relaxation and fun within walking distance! Ocala is a charming city, rich in history and natural beauty. It is commonly known as the "Horse Capital Of The World" but it is also home to the Ocala National Forest and Silver Springs Nature Theme Park, easily making Ocala an outdoor adventurer's paradise.
Source: STELLAR #om688825
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om688825
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: #om688825
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.