Private Country Living on 1.47 Acres – Forest Edge Subdivision 3 Bedrooms | 2 Bathrooms | 1,296 Sq Ft | Built 1987 | Garage | Metal Roof Welcome to this charming site-built home nestled on 1.47 private acres in the desirable Forest Green subdivision, offering space, serenity, and convenient access to outdoor recreation. Built in 1987, this well-maintained home features 3 bedrooms, 2 bathrooms, and 1,296 sq ft of comfortable living space. As you arrive, a long concrete driveway leads you to the home, where you’ll appreciate the covered front porch, metal roof, metal siding, and 1-car garage. Step inside to a spacious living room with cathedral ceilings, ceiling fan, and a large picture window that fills the space with natural light. The kitchen is bright and inviting, featuring abundant white cabinetry, generous counter space, a breakfast bar, dining area, and all stainless-steel appliances included. Sliding glass doors open to a covered screened porch, perfect for relaxing while overlooking the private wooded backyard. The garage is conveniently located just off the living and kitchen area and includes a washer and dryer space. All bedrooms and bathrooms are situated on the east side of the home. The guest bathroom features a tiled tub/shower combo, tiled floors and surround, single-sink vanity, and wainscoting. Bedrooms two and three are nicely sized with oversized closets and carpet flooring. The primary bedroom offers a comfortable retreat with carpet flooring, a large closet, and a private en suite bathroom featuring a tub/shower combo, tiled flooring and surround, and an updated vanity. Outside, enjoy a large, private yard bordered by woods and a pond with fish, creating a peaceful, nature-filled setting. The Forest Green subdivision is located just minutes from the Ocklawaha River, including the Eureka West boat ramp and fishing pier. You’re also within walking distance to Dollar General Market and a convenience store. Conveniently located 10 minutes from downtown Fort McCoy for groceries, hardware, gas, pharmacy, and dining, and a short drive to Silver Springs with Walmart, Lowe’s, restaurants, and shopping. Ocala is only another 10 minutes beyond, offering nightlife, entertainment, and more dining options. Gainesville is approximately 50 minutes away. Outdoor enthusiasts will love the proximity to the Ocklawaha River, Ocala National Forest, and nearby natural springs including Salt Springs, Silver Glen Springs, and Juniper Springs, along with miles of trails for horseback riding, hiking, and off-road adventures. This is a rare opportunity to enjoy site-built living on acreage in an unbeatable North Central Florida location. Schedule your private showing today!
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.
