920 Turkey Crk, Alachua, FL 32615
4 beds · 3 baths · 2,364 sqft sqft
Looking to get away from the hustle and bustle, but still minutes to Gainesville, don’t miss this lovely 4 bedroom, 3 bath plus study home in the White Oaks section of the gated community of Turkey Creek. Located on a spacious .27 acre lot, this all Hardiboard home is located on a desirable cul-de-sac street and enjoy a brand new roof 2022 and NEW HVAC 2023. Enter the welcoming foyer to views of the separate formal living room and formal dining room, both featuring newer wood floors and an abundance of natural light. To the left of the foyer is a spacious study with built-in shelving. Beyond the formal living areas is a large kitchen featuring all wood cabinets and a extensive breakfast bar which can accommodate multiple bar stools. Adjacent to the kitchen is a light filled breakfast room. The kitchen and family room compose an open floor plan and the family room features wood floors, game closet, and sliders to the screen lanai. On the opposite end of the house is the owner’s suite which features an over-sized walk-in closet and a large owner’s bath with double vanity, shower, and private water closet. Off the main living area on the kitchen side of the home a hallway leads to 3 large guest rooms and 2 hall baths, both with tub/shower and skylights. A large covered and screened lanai opens to a concrete courtyard area, perfect for entertaining. A large yard has newer fencing installed by the HOA. An indoor laundry with washer and dryer along with a 2 car garage completes the picture. Turkey Creeks offers a range of amenities including an 18 hole golf course, clubhouse complete with restaurant, pool, tennis courts, and play ground. There is a second pool for the exclusive use for residents who reside in White Oaks. Turkey Creek is a convenient location halfway between Gainesville and Alachua where there is a wide choice of shopping in both areas, not to mention a short drive to UF and I-75.
Source: STELLAR #gc524461
You may be able to put down less than the total down payment amount of $203,595 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc524461
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #gc524461
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.