Virtually Staged. Gated Summerton South a desirable Se Ocala community features cul de sac pool home on .68 of an acre with 2 car side entry garage and an additional oversized 1 car for a total of 3, perfect for the toys or a workshop! 2023 total exterior landscaping renovation including stone landscaping curbs, removal of hedges and trees allowing for a seamless view of the prettiest home in the subdivision! This masterpiece is concrete block stucco with stacked stone accent and 2 front porches with custom paver walkways to the front door. Upgrades include 10 plus foot ceilings, customs features such as coffered ceilings, 6 inch crown molding, tray ceiling, 2 sided gas fireplace. built in features, and seamless picture glass overlooking pool oasis. 2024 30 year architectural roof, 2 hot water heaters 2021, 2 hvac 2023 and duct cleaned in 2025. Central vacuum, 2018 luxury vinyl plank. 2022 pool acid washed, 2 solar tubes for natural light and 2025 whole home plantation shutters. 2024 summer kitchen upgrade at pool. All new fans 2020, well pump replaced 2025. The front covered entry leads to an incredible custom built home with all of the extras that speak quality built. Upon entry to home the office with desk is the left, straight ahead is the formal living with coffered custom ceilings and double sided gas fireplace with engineered hardwood floors and double doors leading to pool oasis. The primary retreat is located in far left corner of home and is very spacious with double sided gas fireplace and views of pool as well. In the primary bath there is a electric fireplace added in 2023, custom cabinetry with double raised bowl vanities, jetted tub and large seamless, walk in glass and tile surround shower, with walk in closet. Stepping out of primary bedroom you are greeted with oversized formal dining room with 12 plus foot ceilings, perfectly positioned and very common for this type of home there is a butler pantry area with granite bar serving area with custom cabinets perfect for your needs, this area sits between the dining room and breakfast leading to kitchen. The kitchen features high top granite bar/island, pull out drawers for easy access, undermount sink, backsplash, electric cooktop, built in microwave with oven and new gun metal refrigerator 2023. The kitchen overlooks the 2nd living room with builts ins and has french doors leading to pool. Just off the kitchen are the 2nd and 3rd bedrooms sharing the J/J bathroom with tile surround combo tub/shower. Near the dining is the massive laundry area including built in desk with corian countertops, built in storage area, washer and dryer with utility sink leading to 4th bedroom with lvp flooring and barn door cedar closet. In the far right corner of home is the is the 5th bedroom utilizing the pool accessible fill bath with tile walk in glass door shower. This bathroom leads to the summer kitchen with stainless steel grill, refrigerator and sink overlooking the saltwater pool oasis with outdoor shower, seats in pool, blue mulch, water features, fountains and raised built in ground hot tub! The covered lanai has extended patio areas across complete back of home. Plenty of decking around pool for parties, sunbathing and relaxing! Private Fenced in backyard with stone walkways, raised flower beds and double gates for parking trailers ect. Double gates between 2 and 1 car garage with walkway leading to pool and pool equipment. What a marvelous home and opportunity, this home has it all!!
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.
