SELLER SAID TO BRING OFFERS!!! Impeccable and immaculate Northampton home in the Stonebridge community of Candler hills, On Top of the World. This beautiful, spotless, open concept, home with 3 bedrooms, 2 bathrooms, plus flex/den, and library, three season room and spacious 3-car garage sits on a corner oversized lot and is loaded with over $200,000 in upgrades. Every feature has been carefully thought of, crown molding throughout a monumental tray ceiling extending from the living room to the beautiful gourmet kitchen; the kitchen is a chef’s dream, featuring a built-in oven and microwave, a 5-burner cooktop with a sleek hood, staggered cupboards with crown molding soft close cabinets with pull out drawers, spice racks, an oversize island, perfect for meal prepping, entertaining or enjoying your meals. The floors are wood-look like staggered tile throughout. Other features include laundry room cabinets and utility sink, cornice and panel shades in great room, custom pull down shades for the three season room, plantation shutters on all windows, pendant lights in the kitchen, new solar attic fan, garage custom storage cabinets, LVP in the three season room, gutters, beautiful landscaping, curbing, enclosed lanai, Generac generator. The exterior of the home was recently painted and the home is complimented with a long, pavered driveway. This home is perfect for the most discerning buyers. You will not be disappointed. If you've been looking for the perfect home and can't seem to find anything that meets your high standards, don't miss this rare opportunity. No CDD, lower HOA fees, and you own the land in this area. Smoke and pet free home. On Top of the World is Ocala's premier, gated, active 55+ community, loaded with amenities and includes golf cart access to three shopping centers.
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.
