11233 SW 73rd Cir Ocala, FL 34476
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About this home
Price drop just in time for FALL! The sellers are motivated and NOW is the time to BUY... Welcome to this beautifully updated Turnberry Extended model located on a desirable corner lot in Oak Run, a vibrant 55+ community. This home offers 2 bedrooms, 2 bathrooms, and a versatile bonus room currently used as a guest space but perfect for an office, hobby room, or whatever fits your lifestyle. With 1,637 heated sq ft, it features a new roof (2024), HVAC (2016), newer appliances, indoor laundry, a front storm door for added security, high toilets, and an open floor plan filled with natural light. Every room is finished with elegant white faux wood blinds, and the kitchen boasts ceiling-height cabinets that provide abundant storage and a sleek, polished look. The two-car garage with screened doors offers excellent airflow, plenty of storage, room for your golf cart, and still space to park your car. Oak Run residents enjoy an active lifestyle with three clubhouses, five pools, five hot tubs, two fitness centers, a golf course, restaurant, pickleball, tennis, shuffleboard, bocce ball, horseshoes, and more than 110 clubs and activities. Don’t wait on this one—it won’t last long! Schedule your private tour today!
Source: STELLAR #OM709369
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.