Welcome to 5912 SW 111th Place Rd, Ocala, FL 34476 — a beautifully FULLY REMODELED home in Ocala offering modern upgrades, privacy, and the freedom of NO HOA living on a FULLY FENCED HALF-ACRE LOT UNDER 300K. This property has been thoughtfully updated from top to bottom, providing both style and peace of mind. Major improvements include a brand NEW ROOF (2026), NEW HVAC system, and a NEW WATER HEATER, giving you confidence in the home’s long-term efficiency and minimal maintenance. Inside, you’ll find a fresh, modern OPEN CONCEPT AND SPLIT PLAN interior designed for comfortable everyday living. The updates create a clean, inviting atmosphere ideal for homeowners, first-time buyers, or investors looking for a move-in ready opportunity in Ocala. The ENTIRE FLOOR HAS 2X4 NEW GRAND TILES WITH GRAY MARBLE DESIGN, delivering a sleek and modern finish throughout. Step outside to enjoy a spacious COVERED BACK PORCH and a FULLY FENCED backyard that offers privacy and endless possibilities—perfect for pets, entertaining, or simply relaxing. The large detached shed adds valuable storage or workspace, making it easy to stay organized. Situated on a desirable HALF-ACRE LOT, this property offers rare flexibility with NO HOA—bring your boat, RV, trailers, or work vehicles without restrictions. Homes with this much land, upgrades, and freedom—especially UNDER 300K—are becoming increasingly hard to find in Ocala. Conveniently located near shopping, dining, medical facilities, and major roadways, this home delivers both accessibility and space. Don’t miss your opportunity to own a FULLY REMODELED home in Ocala with NO HOA, a FULLY FENCED HALF-ACRE LOT, and major upgrades already completed. Schedule your private showing today and see everything this property has to provide.
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.
