One or more photo(s) has been virtually staged. Back on the market and even better than before! Discover the best of both worlds in this beautifully updated one-owner home nestled on 5.42 acres zoned A1, perfect for animal lovers, hobby farmers, or anyone craving wide open space and privacy. Set at the end of a quiet drive, this 3-bedroom, 2-bath retreat is a hidden gem designed for those who love the land but don’t want to sacrifice style or modern updates. Step inside to a light-filled layout where fresh neutral tones, custom picture windows, and quality updated finishes bring warmth and calm to every corner. The fully remodeled kitchen is the heart of the home, featuring granite countertops, new stainless steel appliances, and countertop bar seating. The spacious family room connects seamlessly to the formal dining room through French doors, making it ideal for special gatherings. The formal living room’s floor-to-ceiling brick fireplace adds rustic charm and comfort, while two updated guest bedrooms and a modern full bath offer space for visitors or family. Upstairs, the private primary suite is a private retreat with a brand new spa-like bathroom boasting dual vanities, a soaking tub, and a glass-enclosed dual shower. An office loft and private screened-in deck overlooking the woods make it easy to unwind and work remotely. A portion of the front acreage is fenced, and there is a newly built 30x30 detached garage with electric that provides ample space for equipment, projects, or storage. Additional improvements include a 2014 solar-enhanced water heater, a 2025 water softener system, an annual termite bond, and a 2019 HVAC system. The durable metal roof, installed in 2014, ensures long-lasting protection and peace of mind. One-of-a-kind features like the handcrafted oak and ash staircase showcase the care and craftsmanship that make this home truly special. With agricultural zoning, this property offers endless possibilities for farming, livestock, or simply enjoying wide-open country living. The acreage extends all the way to Hwy 315, providing both convenience and opportunity for future use. Located just 15 minutes from Ocala and convenient to both I-75 and I-95, it’s an ideal home base for travelers, commuters, and equestrian lovers alike, especially with the World Equestrian Center close by. Survey and other supporting documents available, no HOA.
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.
