9951 SW 62nd Ter, Ocala, FL 34476
2 beds · 2 baths · 1,500 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NEW PRICE 4/24/25.. MOTIVATED SELLER!! Beautiful Bluejay Model in highly desirable 55+ community of Cherrywood Estates! Two major upgrades: NEWER ROOF 2023, HVAC 2024. This well maintained home features a split floor plan with two bedrooms and two baths. This home has been tastefully decorated using neutral colors throughout. Spacious kitchen offering plenty of counter space and cabinets; stainless steel refrigerator only two years old and stainless steel dishwasher is only one year old. The kitchen also offers plenty of room for a table and chairs. Master Bedroom is carpeted with large walk in closet and Master Bath features a walk in shower. The carpeted Guest Bedroom has a walk in closet with Guest Bathroom nearby featuring a tub and shower. The LR/DR combo with laminate flooring leads to the large and cozy enclosed FL room, which has a free standing electric fireplace for those cooler Florida nights!! Enjoy the sunshine and your morning coffee on the back patio with large birdcage. Another great feature of this home is an inside laundry room plus a utility sink in the garage!! New sprinklers in 2024!! HOA monthly fee includes Spectrum cable TV, internet and trash collection. This home definitely shows pride of ownership over the years. Centrally located to shopping and restaurants in the area. Newer neighborhood Publix just down the street!!
Source: STELLAR #OM676794
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 #OM676794
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.