1852 NW 55th Avenue Rd Ocala, FL 34482
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About this home
Adult 55+ Community, this is one of the few homes in the Ocala Palms Golf & Country Club that has a full 3 car garage, including a built-in generator with its own built-in electric connection on the wall, a Workshop, (including an Electric grinder) built in air pressure hose, Water softener system, sprinkler system and plenty of cabinets for storage. This 3 bedroom 2-bathroom home includes a complete security system with remote control, glass breakage, and motion sensor. Immediately notice high ceilings throughout, a large living room, with a beautiful brick gas fireplace for those chilly nights, a formal dining room, as well as an eat-in kitchen with a bay window overlooking the golf course. The split floor plan gives you that extra privacy in your master suite. The third bedroom includes a murphy bed which folds into the wall. Therefore this 3rd room can also be used as an office! Located near the 15th hole on a .26-acre oversized lot, backing up to a raised green area on the Golf Course making your backyard view extremely private! Enjoy watching the sunset from one of the two lanais. One is enclosed with new windows installed March 22, 2023; couch will be staying. The adjacent lanai is screened in and includes a grill, making it perfect for entertaining and grilling. Upgrades include a New A/C in 2020, Laminate Flooring & Roof Replacement in 2014. The Community Amenities include the following: an indoor heated pool, outdoor pool, hot tub, pool tables, Library, tennis courts, pickleball, exercise room & periodic functions including concerts to name a few. Freezer in the garage will be removed by the seller. This property is for lease or sale, whichever happens first.
Source: STELLAR #G5100011
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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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