Nestled on a premium lot with no rear neighbors, this impeccably maintained 2023 Siesta model offers the perfect blend of contemporary design and natural tranquility. Backing directly onto one of the community's peaceful walking trails, this home provides a rare level of privacy in the highly sought-after all-ages section of Ocala Preserve. Built in 2023, this 2-bedroom, 2-bath home also includes a versatile flex room with French doors and a walk-in closet ideal for a third bedroom, home office, or den. The kitchen is a standout, featuring tile flooring, stainless steel appliances, granite countertops, a classic subway tile backsplash, staggered cabinetry with crown molding, a large center island, a spacious walk-in pantry, and a solar tube that fills the space with natural light. The tiled dining area is conveniently located just off the kitchen, perfect for everyday meals and entertaining. The open-concept living area flows seamlessly from the kitchen and dining space, complete with blinds and a 3-panel sliding glass door that leads to the screened lanai. Step outside to the extended 10x12 paver patio, overlooking a private backyard, backing up to one of the community's peaceful walking trails, creating a serene outdoor retreat. The guest bedroom features carpet flooring, window blinds, and a double-door closet, while the guest bathroom offers a tiled tub/shower combination, linen closet, and an extended single-sink vanity with granite countertop. A conveniently located laundry closet includes a Whirlpool washer and dryer. The primary suite, tucked away in a desirable split floor plan, showcases a tray ceiling, plush carpeting, TV mount, window blinds, and a spacious walk-in closet. The ensuite bathroom is complete with a tiled, glass-enclosed walk-in shower and a double vanity with granite countertops. Additional highlights include a 2-car garage and updated rock landscaping that enhances the home's curb appeal. Ocala Preserve is a fully gated, guard-gated community offering resort-style amenities, dining, fitness center, walking trails, and a vibrant social atmosphere all just minutes from shopping, dining, and medical facilities.
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.
