Welcome to 4425 SE 2nd Place in Ocala—a beautifully distinctive home tucked inside the highly sought-after Stonewood Estates neighborhood of Southeast Ocala, where mature surroundings, spacious homesites, and golf-cart convenience to downtown Ocala create a lifestyle that is both relaxed and connected. Set on an impressive 0.40-acre lot, this charming three-bedroom, two-and-a-half-bathroom Southeast Ocala pool-ready property alternative with oversized outdoor living space welcomes you with a unique architectural presence, soaring ceilings, and a light-filled interior enhanced by trendy designer colors throughout. The inviting family room becomes an instant focal point with its floor-to-ceiling windows and striking stacked-stone fireplace, creating a warm yet modern gathering space, while the flexible formal dining room—currently styled as a fitness area—adds versatility for today’s evolving lifestyle needs. The oversized kitchen with built-in desk workspace flows naturally into a skylit Florida room that offers a cozy coffee-shop vibe and the perfect environment for plant lovers, reading mornings, or relaxed entertaining. The spacious primary suite features a generous walk-in closet and a well-appointed ensuite bath with dual vanities, while two guest bedrooms share a convenient Jack-and-Jill bathroom, ideal for privacy and functionality. An inside laundry room and expansive screened lanai extend the home’s comfort outdoors, offering yet another peaceful retreat overlooking the large backyard. Major updates provide confidence and long-term value, including a new roof (2019), newer HVAC system (2022), Customizable lighting inside and out, and hot water heater (2024). Located in one of the most desirable Southeast Ocala neighborhoods near downtown Ocala, parks, shopping, dining, and medical facilities, this Stonewood Estates home blends character, space, and location into a rare opportunity for buyers seeking both charm and convenience in Central Florida living.
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.
