Located in the desirable SW area of Ocala, this quality Armstrong home boasts over 2100 sq ft, lofty 10 ft ceilings and the beautiful open-concept Maple floor plan. The foyer flows seamlessly into the open great room, encompassing a large kitchen and living/dining areas all with upgraded 21" porcelain tile, 62" ceiling fans and lots of natural light. Your kitchen has plentiful wood cabinetry (pull-out shelves in lowers), granite countertops as well as a granite breakfast bar surrounding it that makes the perfect area for entertaining! The 3/2 split bedroom plan offers a large master bedroom with two walk-in closets, a bright spacious ensuite bath with dual sinks, soaking tub, and a walk-in shower in addition to two additional sizable bedrooms and another full bath with tub/shower. Bedrooms all have ceiling fans and wood laminate flooring. The large laundry room has plenty of storage, an oversized sink, and a refrigerator/freezer hooked up to water line. Additional storage is available in the oversized double car garage. Off the great room, you have a 140 sq ft screened-in lanai with pavers and a matching paver patio outside. The fully fenced backyard offers lots of shade and privacy — perfect for your pets or backyard BBQs. BRAND NEW ROOF NOV 2025. A high-quality Lennox Signature Collection XP21 Heat Pump was installed in 2015 and new blower motor in 2024. A heat pump maintenance contract is paid through August 2026. An iComfort smart thermostat was installed in 2021. There is a Hague Water Softener and Hunter Irrigation System. Termite bond and pest control is paid through June 2026. All new stainless-steel appliances were installed in 2022. This home is in J.B. Ranch, which is a vibrant 55+ gated community with low HOA dues (only $197) that covers trash pickup and lawn mowing (Only $145 without lawncare). Amenities include a clubhouse that features a resort-style pool, gym, meeting and activity rooms, pickle ball, and bocce ball. This gem is in a great location just minutes away from restaurants, hospitals, a new Publix, shopping, and the 49th St trailhead in the Florida Greenway. 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.
