Designed with attention to detail and upgraded beyond builder-basic finishes, this 3-bedroom, 2-bath home delivers standout style and comfort in a growing community. Built in 2022 and thoughtfully customized, the home features an open, split-bedroom floor plan that creates a great blend of space and privacy throughout. Luxury vinyl plank flooring runs throughout the home and upgraded lighting fixtures elevate each space. The living area is light and bright with a spacious layout and a luxurious tray ceiling that brings the room to the next level. The kitchen is fully outfitted with upgraded granite countertops, extensive cabinet storage, stainless steel appliances, and a large center island with breakfast bar, while the adjacent dining area offers easy access to the covered patio. In the primary suite, custom touches continue with a tray ceiling, upgraded fan fixture, and a huge walk-in closet. The private en-suite bath showcases dual sinks set in granite and a fully tiled walk-in shower with rain-style shower head. Secondary bedrooms are generously sized with stylish ceiling fans and large closets, and the guest bath also features granite, upgraded lighting, and modern tile finishes. Additional upgrades include a full laundry room with wash sink, wide baseboards, and modern hardware throughout. Sliding glass doors lead to a private backyard and covered patio with built-in ceiling fan, perfect for enjoying Florida evenings. The two-car garage includes an automatic opener and ample space. Located within the peaceful community of Oak Hill Plantation, this home features low HOA fees and underground utilities that keep the area beautiful without obstruction. Just minutes away Downtown Ocala and around the corner from the Appleton Museum of Art, this home is the perfect option for those looking to experience all of Ocala’s exciting dining, shopping, and entertainment opportunities. Offering more than just standard builder features, this home delivers quality upgrades and thoughtful design in a location close to shopping, dining, and commuter routes! Don't miss out– schedule your 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.
