8461 SW 106th Pl, Ocala, FL 34481
2 beds · 2 baths · 1,026 sqft sqft
Lovely home in desirable Palm Cay, close to shopping, fine dining, and hospitals. New roof in 2023. A new hot water heater has been installed, and a new a/c unit was installed in December of 22. New tile flooring in the kitchen, dining area and bathrooms ,completed in 2024. New luxury plank vinyl flooring in the living room, den and all bedrooms in 2024. All new energy efficient windows installed in 2024, to withstand winds up to 139 miles an hour, with lovely marble sills. An upgraded 200 AMP breaker box was installed. New appliances included are a stove , refrigerator, dishwasher, and washer and dryer bought in 2024.New bathroom shower door in guest bathroom. A new septic drain field has been installed in 2024 with new sod covering the drain field , and the septic tank has been pumped in 2024. All doors inside and out have new lever door handles. The home has been repainted inside and out this year. All the upgrades to this home has truly made this house turn key , all major improvements and upgrades have been meticulously thought out and successfully completed. Move in ready and clean as a whistle, if you are looking for a worry free home, this is it ! Just added bonus to buyer the sale will include an Aries Zero turn lawn mower in excellent condition !!!
Source: STELLAR #om688820
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om688820
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 45-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: #om688820
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.