9105 SE 55th Ter, Ocala, FL 34480
5 beds · 4 baths · 2,989 sqft sqft
Located on a Premium corner lot overlooking farmland with no neighbors to one side and behind this 5 Bedroom/3.5 Bath triple split plan home offers all the extra living space you have been searching for. This almost new, two-story home features a stone-accented entryway and glass inset front door opening to a light and bright neutral color palette with high ceilings and a wide-open floor plan perfect for entertaining. The main level in this home offers a large kitchen with recessed lighting, plenty of cabinets & counter space, a pantry for extra storage needs, and bar-height seating for casual dining. The kitchen overlooks the spacious gathering room offering conveniently placed sliders open to a screened-in Florida room perfect for outdoor entertaining or relaxing while enjoying peaceful pasture views. The 1st-floor Owner's suite features more great views and direct access to the outside, a large walk-in closet, and an ensuite bath with a double sink vanity and a glass-tile accented walk-in shower with transom window for great natural lighting. First-floor living also provides three guest bedrooms, two more full-size baths, and a flex space that can be used as a casual seating area or home office. Upstairs you will find a bonus loft living area with a convenient half bath allowing fantastic extra space for a game room, den, or media room. As an added benefit you can enjoy a whole-home solar system that harnesses the power of the sun so you'll be able to reduce your energy consumption and enjoy significant savings on your energy bills. The community also offers a great location with convenient access to shopping, dining, public parks, medical facilities, and a short drive to The Villages. Outdoor enthusiasts will also enjoy a variety of amenities and attractions within easy reach such as Santos Trails, a popular destination for hiking and biking, and Baseline Golf Course, just over one mile away.
Source: STELLAR #om682574
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om682574
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: #om682574
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.