Access by appointment only. A single family home in southwest Ocala offering 3 bedrooms, 2 bathrooms, a 2 car garage, and approximately 1,689 square feet of living space in a quiet residential setting near the On Top of the World area. This Ocala home gives buyers something that is getting harder to find: a livable property with functional space, solid everyday utility, and clear upside for someone who wants to update over time instead of overpaying for someone else’s finishes. Set in an established neighborhood with well spaced homes and a slower paced feel, the property offers a setting that can appeal to buyers looking for a primary residence, a move in and improve opportunity, or a home with flexible use potential in a growing part of Ocala. Inside, the layout is currently configured as a 3 bedroom 2 bath home, but there is also additional room potential because part of the interior was enclosed to create a possible 4th bedroom or flex space. That added area gives the next owner options for a guest room, home office, hobby room, workout room, or extra sleeping space depending on their needs and how they want to finish the home. The main systems were described as functional, including electrical, plumbing, septic, water heater, and central air and heat, which is important for buyers searching for an Ocala property where the work appears to be more cosmetic and finish related rather than a full structural overhaul. The kitchen is one of the biggest opportunities here and gives a future owner the chance to create a more updated and personalized space, as it currently needs cabinetry and appliances. One secondary room has damage to the vinyl style wood look flooring, creating another straightforward improvement item for the buyer who wants to build value through updates. The 2 car garage remains intact and operational, adding practical daily function for parking, storage, tools, hobbies, or workspace. The roof is older and may be part of a future improvement plan, but no active leaks were reported. Buyers searching online for a 3 bedroom 2 bath home in Ocala, a southwest Ocala home with garage, an Ocala fixer upper with upside, a house near On Top of the World, or an Ocala investment property with value add potential should take a close look at this opportunity. The location offers convenient access to the broader Ocala area while still giving the feel of a settled neighborhood environment that many buyers prefer. Whether you are looking for an affordable Ocala home to personalize, a property with flexible layout potential, or a house you can improve over time while enjoying the benefits of the location, 7561 SW 82nd St presents a strong chance to create long term value in a desirable southwest Ocala setting. Some photos have been virtually edited.
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.
