Set within the gated community of Summercrest, this spacious two-story home is an eye-catching option with plenty of curb appeal. Built in 2022, this 5-bedroom, 3.5-bath home blends modern finishes with functional design, creating an inviting environment for everyday living and entertaining. The interior of the home features over 3,100 square feet of space that showcases high ceilings, luxury vinyl flooring throughout the main spaces, and an open-concept layout that seamlessly connects the kitchen, dining, and living areas. The kitchen is nicely set-up for those who enjoy cooking with abundant cabinet storage, lots of counter space, a center island, and large breakfast bar. The primary suite, conveniently located on the main floor, offers a private retreat with a spacious walk-in closet and an en-suite bath featuring dual vanities and a walk-in shower. Upstairs, additional bedrooms provide flexibility for guests, work-from-home setups, or hobby spaces, along with a versatile loft area perfect for a secondary living space or media room. Additional areas of note include the dedicated laundry area and the attached 2-car garage. Outdoor living is equally appealing, with a screen-enclosed covered patio overlooking a large, privacy-fenced backyard, offering plenty of space for outdoor dining, recreation, or future enhancements. An irrigation system helps maintain the landscape, while the home’s location within a well-kept community with low HOA fees adds to its overall value. Summercrest is highly convenient to a variety of shopping, dining, and entertainment options in both Ocala and Belleview. Those looking to enjoy the year-round warm weather have plenty of opportunity to enjoy nearby Santos Trailhead, Baseline Golf Course, or take a short drive to Baseline Trailhead Park or the Ocala National Forest for plenty of hiking and biking trails. I-75 is just 9.5 miles away, and The Villages is an easy 14 mile drive for those looking to commute or enjoy even more area options. This home presents a compelling combination of space, modern features, and a versatile layout designed to adapt to a variety of lifestyles– schedule your 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.
