5370 SE 28th St Ocala, FL 34480
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About this home
ATTENTION! PRICE REDUCTION ALERT! Welcome to this stunning two-story POOL home that perfectly blends mid-century charm with modern updates. Offering 3 spacious bedrooms and 4 bathrooms, this home is designed for both comfortable everyday living and stylish entertaining. Step inside from the front patio to a warm and inviting living area highlighted by a striking stone fireplace, exposed wood accents, and natural stone finishes that showcase timeless character. The oversized, updated kitchen features modern stainless steel appliances, generous counter space, and a thoughtful layout that’s ideal for both family meals and weekend gatherings. A large formal dining area, indoor laundry, and a full guest bathroom on the main floor add extra convenience. The flexible floor plan includes **two primary suites—one on each level—**offering privacy and accessibility. Upstairs, you’ll find additional guest bedrooms along with a luxurious master suite complete with a walk-in closet and spa-like en-suite bath. Your outdoor retreat awaits! Relax in the fully enclosed lanai or take a dip in the sparkling screen-enclosed pool, surrounded by a fully fenced yard for added privacy and pets. A backyard shed provides extra storage, and a newer roof (2021) brings peace of mind. Ideally located in a welcoming SE neighborhood, this home offers easy access to local shops, restaurants, and amenities—everything you need right at your fingertips
Source: STELLAR #OM706718
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Close stress-free in 45 days, handled start to finish by Roam.
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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.