Welcome to Legendary Trails, featuring exceptional curb appeal, space on .82 of an acre, where privacy, and convenience come together in one of Southeast Ocala’s most desirable locations. Ideally positioned just minutes from the Country Club of Ocala, this residence offers easy accessibility to golf, dining, and social membership opportunities while remaining tucked away in a quiet, established community. From the moment you arrive, the home’s inviting presence is evident with beautifully maintained green scape, mature trees, lush plants, and thoughtfully placed sitting areas throughout the property—creating a peaceful outdoor setting to enjoy Florida’s year-round sunshine. A charming gazebo further enhances the backyard, offering the perfect place to relax or entertain. This Currington Parade of Homes property has been thoughtfully updated and meticulously maintained, offering both peace of mind and modern comfort. A roof was installed in April 2026, along with a newer pool screen enclosure in 2026. The saltwater pool has been enhanced with a two-stage upgraded pump (2024) and resurfaced in January 2026, creating a refreshed outdoor retreat. Inside, the home features a versatile layout, including a study/den with a closet that can easily serve as a 4th bedroom. The interior was freshly painted in 2024, complemented by updated flooring in the primary suite (2024). The kitchen has been beautifully remodeled in 2024 with new granite countertops and backsplash, offering both style and functionality. Seamless indoor-outdoor living is achieved with new phantom screens leading to the pool area, where a summer kitchen provides the ideal space for entertaining. Additional upgrades include a new HVAC system (2023) and an irrigation well, enhancing efficiency and long-term value. Located near top private schools and just minutes to Downtown Ocala, this home offers a refined blend of lifestyle, thoughtful upgrades, and prime location—an exceptional opportunity in the heart of Ocala.
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.
