387 SE 70th Cir Ocala, FL 34472
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About this home
This elegant 2021 mobile home is a perfect find for various buyers, from first-time homeowners to snowbirds and families desiring a peaceful, spacious living space. Located on a ½-acre fenced lot within a well-maintained community, the property strikes a balance between privacy and convenience. Its location offers easy access to essential amenities and the stunning Ocala National Forest, providing nature enthusiasts with abundant opportunities for hiking, wildlife viewing, and exploration. The home features more than 1,800 square feet of living space, designed with a split-bedroom layout that ensures privacy and comfort. It includes three generously sized bedrooms and two full bathrooms, ideal for families or those who enjoy extra space. The modern, durable luxury vinyl plank flooring adds elegance and ease of maintenance throughout. The kitchen is a chef’s dream with upgraded appliances, plentiful cabinet space, and a central island that facilitates meal preparation. Bright colors and crown molding enhance the overall charm, creating a welcoming atmosphere. The primary bedroom is a spacious sanctuary with a large walk-in closet and an en-suite bathroom that features both a tub and a shower, offering an excellent space to relax. Additional conveniences include a spacious utility and laundry area, designed for efficiency and organization. The newly added gazebo in the backyard provides a tranquil spot for relaxation, complemented by peaceful surroundings. With Ocala National Forest nearby, this property offers nature lovers easy access to outdoor adventures. Whether you are seeking a seasonal retreat, a first home, or a peaceful family residence, this mobile home combines Florida's natural beauty with modern comfort and convenience. This mobile home provides everything you need to enjoy the best of Florida living.
Source: STELLAR #G5091600
Neighborhood
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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.