Space to Live Fully — 6 Bedrooms, Privacy, and Nearly 4,000 Sq Ft in Newberry with Private in-law suite potential! Buyers relocating from larger metro areas will appreciate what this property offers — nearly 4,000 square feet, six bedrooms, and a three-car garage for less than the price of many small urban condos. If you’ve been searching for a home that actually has room for everything life requires today, this thoughtfully designed 6-bedroom, 4.5-bath residence in Newberry offers the space, flexibility, and privacy many buyers struggle to find. With 3,894 square feet of living space and a three-car garage, this home was built for households that need more than the typical floor plan. Whether you’re accommodating multigenerational living, working from home, hosting long-term guests, homeschooling, or simply wanting dedicated spaces for hobbies and work, this layout makes it possible. Additionally, priced at roughly $141 per square foot, this home offers exceptional value for buyers seeking size, flexibility and privacy. Multiple living areas allow everyone to spread out comfortably, while the large kitchen and gathering spaces create a natural hub for entertaining, holidays, and everyday life. Generously sized bedrooms provide flexibility for private guest suites, home offices, media rooms, or fitness spaces — allowing the home to evolve with your needs. Positioned toward the back of the neighborhood with wooded surroundings, the property offers a sense of quiet and privacy that many buyers relocating from busier areas immediately appreciate. Natural light fills the home, and the peaceful setting provides a welcome contrast to the pace of city living. Located in the growing Newberry community just minutes from Gainesville, the home offers convenient access to the University of Florida, UF Health, and Gainesville’s dining and cultural amenities, while still maintaining the relaxed atmosphere that makes this area so desirable. For buyers comparing prices in larger metropolitan markets, homes of this size and versatility are increasingly rare. Here, you’ll find nearly 4,000 square feet of well-maintained living space, room for multiple lifestyles under one roof, and the ability to truly spread out — all at a price point that remains attainable. Possible Layout Uses: • Primary suite retreat • Private guest suite • Two dedicated home offices • Homeschool or study room • Home gym or yoga room • Media or game room If you’ve been waiting for a home that offers both space and flexibility, 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.
