Welcome to this spacious and thoughtfully upgraded home on a desirable corner lot overlooking the community pond, where flexible living spaces, quality improvements, and an incredible backyard create exceptional value. Lovingly lived in and enjoyed by its current owners, this home offers numerous upgrades beyond many others in the neighborhood while providing the perfect opportunity for a new owner to make it their own. From the moment you arrive, you'll appreciate the inviting front porch, oversized driveway, and extended two car garage with additional space ideal for a workshop, extra storage, or even parking a third vehicle, along with convenient access to the backyard. Step inside to find rich wood flooring flowing throughout the main living areas, tile in the bathrooms, and comfortable carpet in the bedrooms. Just off the entry, French doors lead to a versatile flex room that is perfect for a home office, playroom, or fifth bedroom. Nearby, a convenient half bath with a pedestal sink and coat closet is ideal for guests. The open concept floor plan is designed for both everyday living and entertaining, with the spacious great room flowing seamlessly into the dining area and kitchen. The kitchen features granite countertops, stainless steel appliances, a gas range, abundant cabinetry, a large island with seating, and views of the main living space so you're always part of the conversation. The first floor also includes a conveniently located laundry room, and the washer and dryer are included. Tucked away for privacy, the spacious primary suite is located on the main floor and offers a large walk in closet along with an ensuite bath featuring dual vanities and a beautifully tiled walk in shower. Upstairs, an expansive loft with wood flooring provides the perfect second living area, media room, game room, or homework space. Three additional bedrooms complete the second level, including one with its own private ensuite bath, while another full bathroom serves the remaining bedrooms. Comfort and efficiency are enhanced with two separate HVAC systems, one for each floor, along with a tankless gas water heater. Step outside to your own backyard retreat featuring a stunning pool and heated spa with a beautiful waterfall, an expansive paver patio, a built in gas fire pit, and a gas stub ready for your future outdoor grill or kitchen. A small turf area adds low maintenance green space while the fully fenced backyard provides privacy for relaxing or entertaining. Situated on a premium corner lot with peaceful pond views and just a short stroll to the community pool and amenities, this home also offers an exceptional Gainesville location. Enjoy convenient access to I 75, the University of Florida, UF Health, North Florida Regional Medical Center, Santa Fe College, Celebration Pointe, Butler Plaza, and the abundance of shopping, dining, parks, and entertainment that make northwest Gainesville one of the area's most sought after places to call home. Combining space, flexibility, outstanding outdoor living, and an unbeatable location, this home is ready for its next chapter.
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.
