5320 SE 4th Pl Ocala, FL 34480
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About this home
One or more photo(s) has been virtually staged. Welcome to this beautifully updated 4-bedroom, 3-bath pool home where family-friendly living meets timeless charm. Nestled in the desirable Sleepy Hollow community near Fort King, this spacious two-story home features a fully renovated main floor with a brand-new kitchen, modern flooring, and fresh interior paint. Upstairs, you’ll find space ready for your finishing touches—perfect for growing families or guests. Step outside to your private backyard retreat with a sparkling in-ground pool, ideal for weekend barbecues or evening relaxation. The roof will be replaced prior to closing, adding even more peace of mind. With no HOA restrictions, you’ll enjoy the freedom to truly make this home your own. Located minutes from Silver Springs State Park, top-rated schools, downtown Ocala, and the World Equestrian Center, this property offers the best of convenience and lifestyle. Experience the value, space, and flexibility your family deserves—all in one move-in-ready home.
Source: STELLAR #OM710351
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.