Welcome home to peaceful, open-space living on this beautiful 2+ acre property in the highly desirable Meadows of Kanapaha! Nestled in a unique “farmette”-style community in SW Gainesville, this neighborhood offers the perfect blend of rural charm and modern convenience—featuring low HOA fees, paved roads, underground utilities, and expansive homesites (minimum 1.43 acres) ideal for both residential and equestrian lifestyles. Finding this kind of acrage so close to Gainesville city limits is very limited today! Sitting on a large cul-de-sac, surrounded by mature trees and natural beauty, you’ll love the quiet atmosphere, minimal traffic, and scenic surroundings—perfect for morning walks, evening horse rides, or simply enjoying the tranquility of nature right outside your door. With plenty of space to expand, this property easily accommodates an accessory dwelling unit, guest house, or even horses. Inside, the home is filled with natural light and designed for comfortable, modern living. The open-concept floor plan creates a bright, airy feel, enhanced by recently replaced windows and glass doors leading to the brand new back deck! The layout offers two guest bedrooms and a shared bathroom downstairs, while the private upstairs primary suite provides a peaceful retreat. Recent upgrades add tremendous value and peace of mind, including: New Roof (2022), HVAC system (2023), Water Heater (2022), Beautifully renovated bathrooms (2022 & 2025), Exterior Paint (2018), and New Deck (2026). An added bonus: NO GRU—enjoy the savings of Clay Electric! The versatile garage space can function as a traditional garage, or easily transform into additional living space, complete with an insulated door, a screen enclosure, and its own mini-split system. Location is everything, and this home delivers—just minutes from Archer Road’s premier shopping, dining, and entertainment, including Celebration Pointe, Butler Plaza, Haile Village Center, and Shands Hospital. This is more than a home—it’s a lifestyle. Don’t miss your chance to own a slice of peaceful paradise with room to live, grow, and enjoy everything North Central Florida has to offer!
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.
