560 NW 113th Cir Ocala, FL 34482
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About this home
Gorgeous 3000 Sq ft home in highly sought after gated community Dorchester Estates. This home is on an acre lot and features 4BED/3BATH/3CAR side entry garage with coated flooring and just 5 miles from The World Equestrian Center. This home also features include an elegant stained glass front door, cathedral ceiling in family room, large gourmet style kitchen with quartz countertops, large walk in panty, with laundry room next to pantry, large breakfast nook area off kitchen, upgraded flooring throughout entire home with ceramic wood look tile in the wet areas (entry, kitchen, laundry, pantry, bathrooms) and luxury vinyl flooring in the rest of the home. The extra large owners suite features a tray ceiling, en-suite with quartz countertops, 2 walk in closets, walk in tile shower and garden tub. Kitchen and bathrooms have beautiful upgraded white cabinets. Kitchen has stainless steel stove, microwave and dishwasher. Mini blind insert in back door to screened in patio. This home also has a separate large storage shed in a large cleared backyard area ready for a pool. The backyard is surrounded with trees. There is an irrigation system, sod and landscaping in front and back, 3 ft stone on front of house, 35 ft setback and pest control system built in. A key attraction of the community is its spacious, acre-sized lots, which provide ample space and a sense of rural tranquility. Residents often enjoy observing nature, including various birds and turtles, in the area. Residents walk walk inside the gated community throughout the day enjoying the peaceful setting and beauty of the neighborhood homes and community. The home is exceptionally located just 5 miles (or about a 6-minute drive) from the World Equestrian Center (WEC), which was named one of Time Magazine's Top 100 for 2024. The WEC is a premier facility offering luxury hotel accommodations, high-end dining, shopping, and major equestrian events. The community is just off Highway 40, providing easy access to local amenities in Ocala, including grocery stores, restaurants, shopping malls, theaters, and parks. Residents are close to the Ocala National Forest and Rainbow River, offering abundant opportunities for outdoor recreation like hiking, kayaking, fishing, and camping. This home is a MUST SEE beauty!!
Source: STELLAR #OM710233
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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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