9144 SE 47TH COURT RD, Ocala, FL 34480
Sellers are offering $10,050 towards the buyer's pre-paid expenses and/or closing costs. Additionally, an extra $1,675 will be provided for closing costs if the buyer uses seller's preferred lender, Scott Shannon at Cross Country Mortgage. Step into luxury with this captivating 4 bedroom, 3 bathroom home, masterfully built in 2021, where every detail is meticulously crafted for comfort and elegance. This gem offers a spacious office space for your work-from-home needs and is powered by eco-friendly, assumable solar panels, ensuring sustainability and cost-effective living. The heart of this home is its expansive gourmet kitchen, adorned with stunning countertops and state-of-the-art appliances, perfect for culinary adventures. Wander through the home to discover plush carpet and chic tile flooring underfoot, leading you to a master suite sanctuary, featuring a double vanity and a secluded toilet area for privacy. The epoxy-coated 2-car garage provides a pristine space for your vehicles, while the fenced backyard offers a secluded retreat for relaxation or entertainment. With an exceptionally low HOA fee of $300 per year, this property is nestled in a serene neighborhood that offers both tranquility and convenience. This home is not just a residence; it's a statement of modern living and sustainability, waiting to welcome you.
You may be able to put down less than the total down payment amount of $109,904 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: #om673928