9144 SE 47th Court Rd, Ocala, FL 34480
4 beds · 3 baths · 2,301 sqft
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.
Source: STELLAR #om673928
Source: STELLAR #om673928
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: #om673928