15919 SE 108th Loop Ocklawaha, FL 32179
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About this home
Nestled on 3.42 fully fenced acres in the serene, open landscape of Twin Lakes Ranchettes, this spacious property delivers the ideal combination of modern living and rural charm! Zoned A-3 and outfitted for flexibility, the property is perfect for those looking to bring animals, start a hobby farm, or simply enjoy wide-open space with no HOA restrictions! Fenced and gated, there is ample clear space for those looking to establish a small barn and pens/paddocks. Built in 2022, the spacious 3-bedroom, 2-bathroom home offers 1,456 sq ft of space with thoughtful upgrades and an open split-bedroom floor plan. Durable vinyl flooring, tastefully selected finishes, and a new metal roof ensure year-round comfort and long-term value. Step into a bright and inviting living room with crown molding, ceiling fan, and open sightlines that make entertaining effortless. The adjacent kitchen is a true standout, featuring brand-new stainless steel appliances, a center island, walk-in pantry, and floor-to-ceiling cabinetry for generous storage. The primary bedroom is generously sized and offers a private retreat with a walk-in closet, en-suite bath with dual vanities, garden tub, and shower. Two additional bedrooms sit on the opposite side of the home, each with roomy closets and access to a second full bathroom. Outdoors, the large yards offer plenty of space to enjoy the year-round sunshine, while a 10x10 shed provides added storage. The wide-open landscape offers endless possibilities, whether for livestock, gardening, or simply soaking in the peaceful atmosphere. There's plenty of room to add a patio, barn, or additional structures as desired. This property offers a quiet country feel while remaining just minutes from the recreational waters of Lake Weir and the Ocklawaha River, as well as being highly convenient to the vibrant shopping, dining, and medical services in The Villages or Ocala.
Source: STELLAR #OM710045
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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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