5841 SE 164th Ave Ocklawaha, FL 32179
Your savings
About this home
CALLING ALL GARDEN AND NATURE LOVERS!! Come check out this beautifully maintained 3/2 home on a pristine half acre lot. When you first walk inside, you will notice how well the living room, dining room and kitchen flow together, creating a warm and welcoming space. This home features a newer roof from 2019, HVAC from 2021, updated flooring in the kitchen, dining, master bedroom and bath, along with fresh paint throughout. Off the living room, you have 2 bedrooms and a bath, while on the other side of the home is where the primary bed and bath are located. The split floor plan ensures everyone has their own space to relax and unwind. The real showstopper of the property would definitely have to be the well-manicured and carefully thought-out landscaping from a master gardener. The front yard has wonderful curb appeal and the backyard features spaces filled with gardens, fruit trees (orange, peach, nectarine, apple, etc..), flowers, herb garden, butterfly habitat, vegetables, and stunning sunset views. It is truly a living sanctuary. If that wasn't enough to "WOW" you, this home also has an outdoor shower and greenhouse tub for complete relaxation. This property also includes 3 security cameras, an air-conditioned shed, workshop with power and an 8x8 water-tight shed to store tools, lawn equipment or outdoor toys. This property is perfectly located within an hour drive of Orlando and Ocala, yet only minutes from some of Florida’s most beautiful natural treasures like Silver Springs and Juniper Springs, where you can enjoy canoeing, crystal-clear waters, and scenic hiking. This unique property seamlessly blends indoor comfort with outdoor beauty.
Source: STELLAR #OM712304
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
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.