Welcome home to luxury and ultimate flexibility in the community of Ocala Preserve. This immaculate 3 bedroom, 3 bathroom Shea Homes-built, Imagine Floorplan offers an open concept designed for modern living, featuring elegant plantation shutters on windows and beautiful tile flooring flowing seamlessly throughout the main areas, while plush carpet adds warmth to the bedrooms. The heart of the home features a spacious kitchen that flows beautifully into a bright sunroom, both of which lead directly out to a completely screened-in lanai for effortless indoor-outdoor Florida living. The primary bedroom serves as a true sanctuary with its elegant tray ceilings, large walk-in closet, private bathroom, and its own direct access door to the lanai. While the second bedroom serves as a comfortable and classic guest room with a built-in closet, the third bedroom is an absolute showstopper that functions perfectly as an in-law suite. This unique space features its own walk-in closet, a full private bathroom, and a dedicated attached office. For ultimate convenience and security, the office includes a private door leading out to a gorgeous front courtyard and patio area, which is fully secured by a custom gate. Beyond the home, the premier Ocala Preserve community unlocks a world-class lifestyle with access to golf, a resort-style pool, a restaurant, fitness facilities, and so much more. Don't miss out on one of the most unique, secure layouts in the community. Schedule your private tour today! ** Reverse osmosis water filtration system and water softener do not convey
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.
