1244 SE 42nd Rd Ocala, FL 34480
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About this home
Spacious Family Home in the Desirable Bellechase Community. Welcome to this beautifully maintained single-family home nestled in the gated,deed-restricted community of Bellechase in Ocala. Surrounded by lush landscaping and nature preserves, this home offers a perfect blend ofcomfort, style, and functionality. Step into a bright and open living space where the gathering room, kitchen, and breakfast nook flow seamlessl yideal for both daily living and entertaining. The kitchen boasts generous counter space, a large center island, stainless steel appliances, and a convenient walk-in pantry. Enjoy meals with loved ones in the formal dining room, perfect for family dinners and holiday celebrations. The centrally located gathering room provides direct access to a covered lanai, offering a peaceful outdoor retreat for relaxing or hosting guests. The owner’s suite features the largest square footage in the home and a spacious walk in closet. A second bedroom includes a private full bathroom, ideal for guests or multigenerational living. Two additional bedrooms share a well designed full bath, offering comfort and privacy for the whole family. Located close to schools, shopping, dining, medical facilities, and more. This home offers the lifestyle you’ve been searching for in one of the area’s most desirable neighborhoods.
Source: STELLAR #OM705894
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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.