8917 SW 101st Ln, Ocala, FL 34481
2 beds · 2 baths · 1,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover Fabulous Florida living in the established 55+ community of Ocala with this charming home. Check out this OPEN FLOOR PLAN and BEAUTIFULLY maintained 2 bedroom- 2 bathroom- fenced home located in Pine Run Estates on a Fabulously treed Lot. This home is in pristine condition and ready for you to move in! You will fall in love with this home from the moment you drive up to your shaded front yard. The home has a freshly painted exterior and front porch design meant to sit and relax under your shade trees. Making your way into the home you will appreciate all the natural light and brightness from the front oversized window. Large Living room is open to the kitchen and dining room for great flow and entertainment. The kitchen features soft close cabinets/drawers, granite counters, stainless steel appliances, and updated recessed lighting. Both bathrooms have updated vanities. Sliding glass doors form the dining room out to the Lanai. You will want to Grill out and relax in this quiet and serene setting out back. NO popcorn ceilings. Laundry room and an extra storage room off the carport. The back yard has a fence and great trees. The Back area of yard is ready for your grill and seating area for you to enjoy your peace and quiet or get togethers with friends. AC is 2023, Roof is 2015. Enjoy exceptional value with access to the communities 2 club houses, 2 pools and hot tubs, tennis courts, pickle ball, shuffle board, exercise room, spas, horseshoe pits, exercise facilities, and various social activities. There is Line Dancing, Trivia night, Yoga classes, Bunco, Karaoke, Holiday Parties and more!! Conveniently located a few miles from many restaurants, shopping centers, medical facilities and the Paddock Mall. Very convenient to I-75. Take a look today and embrace the perfect blend of paradise and convenience that awaits you in this wonderful home.
Source: STELLAR #OM696299
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #OM696299
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.