Welcome to this exquisite single-family SMART home nestled within the desirable JB Ranch 55+ community. Boasting a generous total living area of 2,034 sq. ft. on a beautifully landscaped 7,405 sq. ft. lot, this home encompasses a total building area of 2,641 sq. ft. This meticulously maintained residence features 4 spacious bedrooms and 2 full baths, complemented by a convenient 2-car garage. The home has undergone numerous upgrades that enhance its appeal and functionality, including elegant crown molding, wainscoting, tasteful backsplash, upgraded ceiling fans, fresh paint, new carpeting, and updated electrical systems. The standout feature of this home is the stunning enclosed lanai, adorned with custom drapes, providing additional living space perfect for entertaining or relaxing with family and friends. Convenience is key with this property, as it is ideally situated close to all major shopping centers, a variety of restaurants, and local hospitals, ensuring that all your needs are just moments away. Located in the heart of Ocala, you will have ample opportunities to explore and enjoy the beautiful outdoor surroundings, including parks and recreational areas. For your convenience, the current HOA fees are $145 if the homeowner opts to maintain their own lawn or $197 if JB Ranch provides lawn care services. Your HOA dues cover a wealth of amenities, including access to a modern clubhouse, refreshing pool, fitness center, bocce ball courts, pickleball, tennis courts, and trash removal services. As you approach the property, the thoughtfully designed landscaping warmly welcomes you to this charming and cozy home. Don't miss the opportunity to make this vibrant community and beautiful residence your new home!
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.
