Set on five beautifully maintained acres in Groveland, this exceptional equestrian facility and private residence offers the perfect blend of luxury living and thoughtfully designed horse amenities. Ideally located just 45 minutes from Ocala and directly across from the private Grass Roots Airport, the property offers convenient access to hangars for rent or purchase and available runway usage. The residence features four bedrooms and five full bathrooms, designed to capture sweeping views of the surrounding property. The expansive primary suite includes a wraparound balcony with incredible 180° views across the pastures and beyond, creating a peaceful private retreat. Each upstairs bedroom features its own en suite bathroom, while the downstairs suite offers a walk out covered balcony overlooking the pasture and pond, perfect for guests or multigenerational living. The wide open kitchen serves as the heart of the home and is designed for both everyday living and entertaining, featuring granite countertops, a 36” Kenmore gas range with commercial grade hood, a professional size Kenmore refrigerator/freezer, and a large pantry. The residence also offers two laundry areas, including a full laundry room with built in shelving and hanging space, along with a separate laundry area ideal for handling horse related laundry. Modern comfort continues throughout the home with surround sound and recently updated HVAC systems. Outdoor living is equally impressive. The backyard features a pebble tech pool with sun shelf, travertine decking, and a sunken spa beneath the covered lanai, complemented by a full summer kitchen with bar seating and a built in cocktail table gathering area. From the pool deck, enjoy tranquil views of the pastures, barn, and pond, creating the perfect setting for relaxing or entertaining. The main barn and equestrian amenities are thoughtfully designed for both horse comfort and daily functionality. The barn includes automatic feeders, automatic waterers, and a fly spray system, along with five stalls equipped with air conditioning. Large ceiling fans in the center aisle and directional fans in the stall corners provide excellent airflow. The barn also features a climate controlled tack room, a dedicated grooming stall, and oversized 12 foot barn doors on both ends, allowing trucks and trailers to easily drive through. In addition to the main barn, the property features three additional barns providing six more stalls, along with a large climate controlled storage room ideal for storing hay, grain, or equipment. The property itself is fully fenced with no climb fencing and gated for security, with additional cross fenced four board fencing. Convenient walk through openings are placed at each gate so you can easily move throughout the property without needing to open horse gates. A comprehensive security camera system surrounds the property from the front entrance to the back pasture, allowing you to monitor the property remotely from anywhere. This unique offering combines a luxury residence, a fully equipped equestrian facility, and exceptional privacy, all within convenient reach of Ocala’s world renowned horse venues, making it an outstanding opportunity for riders, trainers, and horse enthusiasts seeking both lifestyle and functionality.
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.
