One or more photo(s) has been virtually staged. Welcome home to effortless living in one of Ocala's most convenient locations. This beautifully updated, move-in ready 2-bedroom, 2-bath end-unit villa offers the perfect blend of comfort, privacy, and peace of mind-ideal for first-time buyers, snowbirds, or those ready to simplify without sacrificing style. Step inside to a bright, open floor plan enhanced by new tile flooring throughout, updated lighting, and ceiling fans that create a fresh, modern feel. As an end unit, this home enjoys added natural light and extra privacy, making the space feel calm and welcoming. The renovated kitchen anchors the home with new cabinetry, granite countertops, under-cabinet lighting, and stainless steel appliances, seamlessly flowing into the living and dining areas-perfect for everyday living or relaxed entertaining. The primary suite features an updated bath with new shower and vanity, while the guest bathroom offers a tub/shower combo for added flexibility. Enjoy quiet mornings or evening breezes on your private patio overlooking green space, and appreciate the convenience of a seperate laundry room and single-story living-no stairs, no stress. Built with solid concrete block construction, this home offers long-term durability and true peace of mind with a 2019 roof and HVAC. THe low monthly payment of $244 covers roof, exterior maintenance, insurance, landscaping, pest control, and exterior paint, allowing for a carefree, lock-and-leave lifestyle. Locared in the desirable Paddock Villas community, just 13 minutes from the World Equestrian Center and Downtown Ocala, and close to shopping, dining, and medical facilities-this is quiet, low-maintenance living with everything you need nearby. Move in, lock up, and enjoy life.
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.
