One or more photo(s) has been virtually staged. Welcome to 13980 SE 53rd Avenue, Summerfield, FL — a rare opportunity to enjoy the privacy, flexibility, and lifestyle that buyers searching for acreage properties in Central Florida have been waiting for. Perfectly positioned on a fully fenced 1.30-acre corner lot, this beautifully maintained property offers the ideal blend of country living with convenient access to both Ocala and The Villages. Whether you’re searching for space for hobbies, extra vehicles, outdoor living, or simply room to breathe, this property checks all the boxes. This charming 3-bedroom, 2-bathroom home offers just under 1,700 square feet with a comfortable and functional layout designed for everyday living. Inside, buyers will appreciate the inviting Florida room under air, creating the perfect flex space for relaxing, entertaining, a home office, hobby room, or enjoying peaceful backyard views year-round. Major updates provide peace of mind including a re-roof in 2022, well replacement in 2022 with added filtration system, A/C serviced in 2026, hot water heater in 2003, and septic pumped within the last year. Outside is where this Summerfield property truly shines. The completely fenced acreage offers added privacy and versatility, while the attached 2-car garage plus detached 2-car building provide incredible storage, workshop space, room for recreational vehicles, equipment, boats, or additional hobbies. Mature surroundings and open outdoor space create the perfect setting for those craving a little more freedom and land ownership in Florida. Conveniently located near Ocala, The Villages, and outdoor destinations such as the Santos Bike Trails, this property places nature lovers, cyclists, outdoor enthusiasts, and commuters close to everything while still enjoying the peace of acreage living. With easy access to shopping, dining, medical facilities, and recreational activities, this is the perfect combination of privacy, location, and functionality. If you’ve been searching for fenced acreage homes in Summerfield, homes with detached garages or workshops, or Florida properties with land near Ocala and The Villages, this is one you won’t want to miss.
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.
