12917 SW 38th Cir Ocala, FL 34473
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About this home
PRICE REDUCTION: This 3-bedroom, 2-bathroom home boasts laminate floors throughout and has an open layout that feels both spacious and inviting. Recent upgrades include a brand-new roof (2024) and newer appliances, ensuring peace of mind and modern convenience. The open kitchen flows into a cozy family room, while the formal living and dining rooms provide added space for entertaining or family gatherings. With high ceilings and abundant natural light, every corner of this home feels airy and comfortable. The primary suite is truly a retreat, featuring his and hers vanities and not one but two separate walk-in closets. The property is fenced for privacy and set on a low-maintenance lot, making it perfect for family life or as an investment property. Located in the heart of Marion Oaks, this home benefits from easy access to major roads like Highway 484 and I-75, providing quick commutes to downtown Ocala and beyond. Nearby amenities include the Marion Oaks Community Center and Library, along with local shops, restaurants, and recreation areas like Greenway Park and Ross Prairie State Forest. Owning property in Ocala, Florida offers tremendous investment potential, as this area has become increasingly popular for its blend of natural beauty, affordable living, and a steady influx of new residents. With no HOA fees or Community Development District (CDD) costs, this property is truly on the low maintenance side in a highly sought-after market. Whether you’re looking to call it home or add it to your portfolio, this Marion Oaks gem is a fantastic opportunity with a little TLC. Room sizes are estimates and are to be verified by and/or buyers agent.
Source: STELLAR #D6143045
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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.