Located in the heart of Gainesville at 7513 NW 50th St, you will find this stunning spacious, high ceiling, desirable split bedroom plan, updated, moved-in ready turnkey 5-bedroom, 2+2-bathroom pool home nestled in Blues Creek, just minutes from San Felasco Hammock Preserve State Park, Devil’s Millhopper Geological State Park, walking trails, wildlife, green spaces but still conveniently close to shopping at Publix at Hunter's Crossing Shopping Center. With 2,700+ square feet of beautifully updated living space, this property is ready to impress. Step inside the tiled entryway foyer to discover the formal dining and living area. Enjoy the eat-in kitchen featuring custom birch cabinets, large island, all stainless steel appliances, gas range, convection oven, Bosch dishwasher, new double door fridge, 3 pantries and a breakfast bar. The spacious 18ft ceilings living room provides natural light and comes with a stone gas fireplace. Downstairs, all 4 bedrooms offer clean, modern Acacia wood flooring perfect for any lifestyle. The 2 bedrooms are adjoined by an updated Jack-and-Jill full bathroom with a brand-new shower. The primary bedroom is your dream retreat with custom frosted glass door leading to an ensuite bath and shower and custom walk in closet. The primary bedroom also opens to the relaxing waterfall spa pool retreat as you step out onto the paver, screened in patio. Additionally, upstairs, you will find the 5th bedroom with a half bath and closet with upgrades including a new AC unit. Every detail has been thoughtfully refreshed along with fresh new interior paint. Outside, you will truly see how this home shines. The private huge, fully fenced backyard is an absolute oasis, complete with fire pit, two sheds, a greenhouse with electricity, a screened in heated saltwater pool and spa with waterfall that invites year-round relaxation and entertainment. A newly installed whole-home generator provides peace of mind during Florida's unpredictable weather. The front lawn has been completely redone and raised with fresh sod, complemented by a brand-new driveway and updated sidewalks along the back of the home. Updated with beautiful new landscaping, and the updated irrigation system keeps everything lush and green. Trees were professionally removed to open up the property and let natural light pour in. The fresh exterior paint ties everything together, giving this home incredible curb appeal from every angle. Walk a few steps down from your home to take full advantage of all the community has to offer: pool, tennis courts, and clubhouse. This move-in-ready gem offers peace, comfort, style, convenience and oasis resort-like outdoor living in one of Gainesville's most desirable locations. Schedule your private showing today before this one is gone!
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.
