Welcome to this beautifully maintained 4-bedroom, 2-bathroom home located in the sought-after Lake Diamond community of Ocala! Built in 2019 and offering 1,788 square feet of thoughtfully designed living space, this move-in-ready home sits on one of the largest lots in the neighborhood at an impressive 0.34 acres and backs directly to the Lake Diamond Golf Course, offering peaceful views and an open feel rarely found in neighborhood living. Inside, you’ll find a spacious open-concept layout designed for both everyday comfort and entertaining. The kitchen serves as the heart of the home, featuring abundant cabinetry, generous counter space, and a large center island overlooking the living and dining areas, creating the perfect flow for gatherings. Beautiful tile and luxury vinyl flooring run throughout the home, providing style, durability, and easy maintenance with no carpet to worry about. The split-bedroom floor plan offers privacy and functionality, while the spacious primary suite provides a relaxing retreat after a long day. Built in 2019, this home offers the peace of mind of newer construction with no major updates needed, plus the added convenience of city water and sewer. Step outside and enjoy the rare luxury of an oversized backyard with direct golf course frontage—perfect for relaxing, entertaining, or simply enjoying the peaceful setting and extra space between neighbors. Conveniently located just minutes from shopping, dining, medical facilities, schools, and everyday conveniences, this home offers the perfect combination of comfort, location, and value. With a low HOA of only $25 per month, this is an incredible opportunity to own a newer home on one of the premier lots in Lake Diamond. Schedule your private showing today!
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.
