Need space? This is the one buyers have been waiting for — nearly 4,000 square feet, 6 bedrooms, 4.5 baths, and room for real life. Big households, multigenerational living, work-from-home needs? If you have been searching for a home that can actually handle a big household, multigenerational living, work-from-home needs, guests, hobbies, or simply the desire to spread out, this Newberry property delivers in a way that is hard to find at this price point. With 3,894 square feet, 6 true bedrooms, 4.5 bathrooms, and a 3-car garage, this home is built for buyers who need flexibility, function, and serious square footage. One of the biggest strengths of this property is how many ways it can live. Whether you need private space for extended family, want room for a potential in-law setup, need multiple home offices, or just want separate areas so everyone is not on top of each other, this floor plan gives you options. Large households, blended families, remote workers, homeschoolers, and buyers needing long-term guest space should take a close look. The spacious kitchen and gathering areas create a natural hub for holidays, entertaining, and everyday living, while multiple living spaces allow everyone to spread out comfortably. The generously sized bedrooms can easily serve as guest rooms, office space, workout rooms, playrooms, study areas, or media rooms depending on your needs. Set toward the back of the neighborhood with wooded surroundings, the property offers added privacy and a quieter setting that feels removed from the rush, while still being convenient to Gainesville. Buyers relocating from higher-cost metro areas will especially appreciate the amount of space this home offers for the money. At approximately $141 per square foot, it presents a compelling opportunity for someone who values size, versatility, and privacy over cookie-cutter living. Located in growing Newberry just minutes from Gainesville, the University of Florida, UF Health, shopping, dining, and everyday conveniences, this home offers the balance so many buyers are trying to find — room to breathe without giving up access to town. Possible uses for the layout include: • Multigenerational living • Private guest or in-law space • Multiple home offices • Homeschool or study rooms • Home gym or hobby rooms • Media, game, or playroom space If you have outgrown the standard floor plan and need a home that gives you options, this one deserves a closer look.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
