4763 SE 25th Loop
Ocala, FL 34480
3 beds · 2 baths · 1,857 sqft
$339,000
Get prequalified4763 SE 25th Loop
Ocala, FL 34480
3 beds · 2 baths · 1,857 sqft
$339,000
Get prequalifiedBeautiful 3/2 villa in the gated community of Magnolia Villas East! This property has 3 bedrooms, 2 bathrooms, a two-car garage with an open floor plan. As you walk up the sidewalk to the villa you see the large covered front porch perfect for relaxing on those Florida nights. As you enter the home through the large foyer you notice all the upgraded touches, from the stone-faced natural gas fireplace to the crown molding, high ceilings, and ceramic tile flooring. The kitchen island overlooks the Livingroom and the dining room, perfect for entertaining. The kitchen features a large two-tier island for dining, gas oven and cooktop, solid wood cabinets, granite countertops, and all stainless-steel appliances. There is also an indoor laundry complete with a washer and dryer just off the kitchen. There is a formal dining area overlooking the back porch. In the rear of the home is the primary bedroom with ample space for all of your furnishings. The walk-in closet is huge. The en-suite has a soaker tub, tiled walk-in shower with built-in shampoo shelves, and double sinks. In the front of the home are the other two bedrooms and a guest bathroom. This home is in a great location, close to shopping, dining, and all Ocala has to offer. Located in Maplewood Elementary, Osceola Middle School and Forest High School school districts. Make your appointment for a tour today!
Source: STELLAR #OM699481
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.
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