16 Water Trak Ocala, FL 34472
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About this home
ALL THE EXPENSIVE STUFF HAS BEEN DONE FOR YOU!!!! 3 BDRM 2 BATH HOME WITH NEW ROOF IN 2024, SEPTIC PUMPED IN 2024, KITCHEN CABINETS, COUNTER TOPS AND DISHWASHER IN 2022, NEW A/C IN 2021 AND WATER HEATER IN 2020. STORM FRONT DOOR ALLOWS LOTS OF LIGHT WHILE GREAT FLOOR PLAN STARTS WITH LIVING AND DINING AREAS OPEN TO ONE ANOTHER WHILE THE KITCHEN OFFER 2 PANTRYS, TONS OF COUNTER SPACE AND CABINETRY PLUS AN OVERSIZED EXTRA DEEP SINK TO MAKE PREP AND CLEANUP A BREEZE. SPLIT BDRM PLAN OFFERS TWO BDRMS AND 2 BATHS IN THE GUEST WING, ONE BDRM HAVING AN ENSUITE BATH WITH TILED STEP IN SHOWER. THE OTHER SIDE OF THE HOME OFFER AN ENORMOUS PRIMARY BDRM WITH TWO SEPARATE CLOSETS ONE OF WHICH IS WRAP AROUND, WINDOW SEAT WITH STORAGE AND LARGE UTILITY ROOM WITH THE POTENTIAL TO BE A 3RD BATHROOM. CEILING FANS THROUGHOUT HOME PLUS LAMINATE AND TILE FLOORING FOR EASY CARE. ONLY CARPET IS IN PRIMARY BDRM. FULLY FENCED BACKYARD INCLUDES SCREEN ENCLOSED PORCH, STORAGE SHED AND CUTE CHICKEN COOP (NEEDS REPAIRS) PLUS IN FRONT A BEAUTIFUL TREE TO SHADE THE FRONT OF THE HOME! CURRENTLY NO HOME TO THE LEFT OR BEHIND SO FEELS PRIVATE AND MUCH BIGGER THAN THE ACTUAL .24 ACRE LOT.
Source: STELLAR #OM700010
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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.