11740 SE 169th Avenue Rd Ocklawaha, FL 32179
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About this home
Your Florida lakefront dream property is here! Nestled near the picturesque Ocala National Forest, this home is a true gem. Enjoy the peace and tranquility of spring-fed Bear Lake right in your backyard with the option to fish or kayak year round. The dock is in great shape and offers plenty of space for relaxation and soaking up the sun, plus the owner is installing a floating dock! Step inside to discover a spacious interior with a well thought out floor plan that ensures privacy for all family members, while the design seamlessly integrates the living, dining, family room Florida room and kitchen areas. The heart of the home boasts an updated kitchen equipped with stainless appliances, perfect for culinary enthusiasts and entertainers alike. The kitchen features an abundance of cabinet space, and beautiful stone countertops, matching granite throughout. The cozy family room features a gas fireplace with stone tile surround. The master bedroom features a large walk through closet with attached custom dressing room. The spacious master bath has double vanity and jetted tub. Property is fenced, with a gated entry and plenty of parking. Spend evenings by the fire at the dedicated fire pit area gazing at the sunset reflecting on spring fed Bear Lake. Or you can relax in the hot tub, then take a dip in the huge above ground pool, featuring nice wide steps in and out of the pool. There are 2 legal anchored down sheds in the backyard. One is 14' x 16', and the other is 14' x 24'. Plenty of room for tools and storage. Too many details to list, come see for yourself. This is more than a home; it's a lifestyle. Don't miss the chance to make it yours! *Grass has been retouched/edited in the photos.
Source: STELLAR #OM712150
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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.
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