15771 SW 16th Ter Ocala, FL 34473
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About this home
Welcome to Your Florida Oasis. Located in the highly desirable 55+ gated community of SummerGlen, this expanded Bal-Harbor model exudes elegance, comfort, and thoughtful design throughout. From the moment you arrive, the Custom driveway design and sidewalk paired with lush, meticulously maintained landscaping create an inviting first impression. Step inside to discover 9'4" ceilings, rich laminate wood flooring, and an open, light-filled floorplan designed for effortless living and entertaining. The chef’s kitchen is the heart of the home—offering dark wood cabinetry, quartz countertops, miles of counter space, and a massive center island perfect for meal prep, entertaining, or baking. A formal dining area adds an elegant touch for hosting gatherings. Enjoy the serenity of a spacious primary suite featuring a split walk-in closet and a spa-inspired ensuite bathroom with a walk-in shower. Two additional bedrooms plus a den/flex space provide plenty of room for guests or hobbies. Closets are thoughtfully placed throughout the home for abundant storage. Step outside and relax in your private 15x30 nearly maintenance-free, electric-heated pool with screen enclosure and covered lanai—a perfect space for both quiet mornings and lively gatherings. Additional features include: Oversized 2-car garage Inside laundry room Multiple walk-in closets Tastefully appointed finishes throughout SummerGlen offers resort-style living with access to an 18-hole championship golf course, clubhouse, community pool, fitness center, dog park, pickleball, tennis, basketball, and more. Enjoy peaceful walks, vibrant social life, and the tranquility of a beautifully maintained neighborhood. All just minutes from shopping, dining, medical, and highway access. This home truly reflects pride of ownership and offers the perfect blend of luxury, functionality, and relaxation. Don’t miss your chance to call this exceptional property home!
Source: STELLAR #OM706521
Neighborhood
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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.