4730 SE 31st St Ocala, FL 34480
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About this home
Lovely Saltwater Pool Home in The Magnolias at The Ridge! Welcome to this beautifully maintained 3-bedroom, 2-bath home with a 2-car garage, located in a gated community. Nestled on a quiet cul-de-sac and situated on a spacious 0.40-acre lot, this home offers comfort, privacy, and exceptional features throughout. Step inside to an open split floor plan boasting a large kitchen, great room with vaulted ceilings and architectural ledging, formal dining area, cozy eating nook, and a dedicated office space. The kitchen is a chef’s dream, featuring SOLID WOOD MAPLE cabinetry, STAINLESS appliance package, beveled-edge granite-look countertops, a breakfast BAR with PENDANT lighting, and a closet pantry. The large master ensuite includes a TRAY ceiling, WALK-IN closets, DUAL vanities, a WALK-IN TILED shower, linen closet, private water closet, and plenty of natural light. Two additional bedrooms and a second bath are thoughtfully placed for maximum privacy. Enjoy your private backyard oasis with a gunite SALTWATER POOL, complete with a SUN LEDGE, BUBBLERS, MULTIPLE seating areas, FIBER OPTIC lighting, WATER FALL with STONE accents, and a child SAFETY fence. The white vinyl FULLY fenced backyard also offers a covered patio, perfect for relaxing or entertaining. Additional features include an INDOOR laundry room with storage cabinets and a utility sink, plus a POOL ALARM for added peace of mind. Don’t miss your chance to own this stunning home in one of the area’s most desirable communities. Schedule your private tour today!
Source: STELLAR #G5097283
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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.