3 Bedrooms WITH an extra 4th flex room! Welcome home to comfort, space, and thoughtful upgrades throughout! This inviting 3-bedroom plus an office offers privacy, flexibility, and nearby conveniences, all with the atmosphere of peaceful country living. The split floor plan features two bedrooms with a full bath on one side and a large primary suite on the other, complete with dual sinks, a separate tub and shower, and private access to the screened back patio—perfect for relaxing mornings or quiet evenings. A versatile 4th flex room easily adapts to your needs as a home office, playroom, den, or additional sleeping quarters. The heart of the home is the well-appointed kitchen, featuring stone countertops and newer appliances, flowing seamlessly on one side into a sun-filled breakfast nook overlooking the expansive, newly-fenced backyard—ideal for entertaining or everyday enjoyment. On the other side of the kitchen you’ll find a larger dining space, perfect for formal gatherings and holiday celebrations. Just off the kitchen, the enclosed interior laundry room doubles as a convenient mudroom, and includes a laundry sink for added functionality. Step outside to the screened-in patio, offering the perfect space to enjoy your own outdoor living retreat. Additional highlights include a spacious 2-car garage with opener, storage shed, workshop, and a backyard designed for entertaining with a brick patio and pathway that leads to a fire pit. Surrounded by mature trees, this space is perfect for stargazing in a peaceful environment just outside the back door. Notable updates and extras include a water softener with pre-filter system, generator-ready hookup, solar attic fan, window tinting, additional gutters, and more. Newly constructed nearby shopping and dining options include Target, Starbucks, Aldi, Panera, Texas Roadhouse, and Hobby Lobby to name a few! With easy access to the toll road, 35 minutes to the beach, 23 minutes to Rainbow Springs, and an easy commute to Ocala, this well-maintained home is truly packed with value, comfort, and versatility—don’t miss the opportunity to make it yours!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
