1030 NE 12th Ave, Gainesville, FL 32601
3 beds · 2 baths · 2,004 sqft
Welcome to 1030 NE 12th Ave, a delightful 3-bedroom, 2-bathroom home with an office, bonus room, and charming front sun porch, seamlessly blending classic character with modern updates. Built in 1949, this 2,004-square-foot residence sits on an expansive 0.41-acre lot, offering both comfortable indoor living and a spacious outdoor retreat. Step inside through the darling front sunroom, a perfect spot to enjoy your morning coffee, and discover a bright, airy living area with an open-concept layout that effortlessly connects the kitchen, living room, and spacious dining area, creating a warm and inviting space for entertaining or everyday living. The updated kitchen overlooks the living and dining spaces and is a chef’s dream, featuring stainless steel appliances and concrete countertops. Just off the front entry, you'll find a versatile office that could serve as an additional bedroom. Down the back hallway, two guest bedrooms share a bathroom, with one room featuring built-in bunk beds. At the end of the hall, the private owner’s suite boasts its own en-suite bath for added comfort. An oversized bonus room at the rear of the home leads to the backyard and offers a laundry utility closet, additional storage, and plenty of room for a playroom or extra living area. Designed for outdoor enjoyment, the private backyard provides ample green space for gardening, play, or relaxing with a well-constructed treehouse adding a whimsical touch. The oversized two-car carport offers parking and additional storage space and workshop, enhancing the home’s functionality. Nestled in a tranquil neighborhood, this home is not only close to local parks, schools, and shopping centers but is also just 1.5 miles from the University of Florida, making it ideal for faculty, students, or anyone who enjoys the vibrant cultural and sporting events the university offers. Experience the ideal mix of historic charm and modern convenience, a home you’ll be proud to call your own. Schedule your private tour today!
Source: STELLAR #GC528953
Financials
Source: STELLAR #GC528953
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.