8556 SW 109TH LANE RD, Ocala, FL 34481
Welcome to your dream home in the highly sought-after Oak Run 55+ community in Ocala, Florida! This exquisite 2 bedroom, 2 bath residence offers the perfect blend of comfort, style, and convenience, making it an ideal retreat for active adults seeking a peaceful yet vibrant lifestyle. This home is more than just a place to live—it's a gateway to a fulfilling and active lifestyle in one of Ocala's most desirable 55+ communities. Enjoy peace of mind with a roof updated in 2019 and modern appliances that cater to all your needs. The home also features a solar water heater, ensuring energy efficiency and lower utility bills. The property boasts an oversized lot that offers ample space for relaxation and entertainment. The newly screened pool enclosure, also known as a birdcage, provides an idyllic setting for enjoying the beautiful Florida weather. Dive into your private in-ground pool, complete with a cleaning system, or simply lounge by the water's edge in your serene backyard oasis. The fenced backyard ensures privacy and security, creating a safe haven for you and your loved ones. Don't miss out on the opportunity to make this beautiful house your new home. Contact us today for a private tour and experience firsthand the comfort, convenience, and community Oak Run has to offer. Seller has paid the HOA for the year. Home Features: Brand new pool surface with Diamond Brite pool finish. Brand new pool tile as well. New roof installed in 2019 with wind mitigation done. New lights and breakers. New refrigerator, stove, and dishwasher. The washer and dryer are one year old. New garage door opener. New breaker box and GFI. New pool filter and system with programmable pentair pump. Pool vacuum included. New back door. House recently painted in 2023. Brand new pool screen enclosure. HVAC is five years old. Water heater is solar, 9 years old and holds 80 gallons. Average electric bill is $89.00. Average water bill is $42.00. Amenities are $143.00 monthly and paid for through 2024. 4point and Wind mitigation owned by Seller and willing to transfer to new Buyer.
You may be able to put down less than the total down payment amount of $111,162 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: #om673822
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.