9749 SW 97th St, Ocala, FL 34481
3 beds · 2 baths · 1,904 sqft sqft
Welcome to Resort style living in this spacious, highly desirable 3/2 w 2 car garage expanded Columbia/Winthrop model located in a much sought after safe community for 55 plus active adults, On Top of the World. Home features newer roof and HVAC both 2020, new exterior house painted in Cornwall slate, energy efficient double paned windows, new vinyl flooring in living room and bedrooms. Tiled areas elsewhere. No carpet. The large LR as you enter is great for entertaining. Vaulted ceiling. Large front porch to relax and sip tea or cocktails with friends. Spacious master bedroom to the back right with large shower bathroom and large walk in closet. There is a bedroom and bathroom to the far left and one to the front right which can be used as a private office/man cave. Attic in garage. The back room includes a large kitchen with two pantries and an island for meal prep w lots of cupboard space and has a newer stainless steel refrigerator. Extending from kitchen is a family room and a sun room which can be the dining area. The back sunroom opens up to lovely green views. The HOA includes lawn maintenance and amenities, three guarded entrances, a huge array of clubs and activities like pickleball, tennis, golf, baseball, pool hall, and classes like zumba, yoga and dance. Indoor and outdoors pools and restaurants on site and much, much more. Live entertainment.
Source: STELLAR #w7865041
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7865041
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: #w7865041
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.