1120 SW 80th Dr, Gainesville, FL 32607
4 beds · 2 baths · 2,235 sqft
SAVE on your mortgage - This home has an assumable rate at 4.625%!!! Welcome to your dream pool home at 1120 SW 80th Drive, Gainesville, FL 32607. Nestled in a tranquil cul-de-sac within a desirable neighborhood, this home exudes charm and sophistication from the moment you arrive. The very nice curb appeal sets the stage for what lies beyond—a perfect blend of comfort and style designed to meet your every need. Step inside and be greeted by the airy, open layout of this desirable split floor plan. The spacious, well-designed kitchen features stunning granite countertops and flows seamlessly into the family room, where a lovely fireplace creates a cozy atmosphere for gatherings. The home’s layout offers a great flow of space, with plenty of versatility to suit everyone’s needs. Large separate dining and an additional flex space provide ample room for entertaining and everyday living. The large master suite is a private sanctuary, offering serene views and direct access to the covered porch and screened pool and spa through elegant French doors. Imagine waking up and stepping right out to enjoy a morning swim or a relaxing soak in the spa. The additional access to the pool from the family room, flex room, and even the second bathroom ensures that outdoor living is always within reach. With tile and hard surface flooring throughout, this home is both practical and stylish—no carpet means low maintenance and easy care. Freshly painted and meticulously maintained, the home also boasts a new roof from 2019 and a new HVAC system from 2017, ensuring peace of mind for years to come. An interior laundry room and a two-car garage add to the home’s convenience, while the fenced yard backing to green space offers privacy and a natural backdrop for your outdoor activities. The covered porch and screened pool area are perfect for entertaining guests or simply relaxing in the tranquility of your own oasis. Located in the heart of SW Gainesville, this home is zoned for excellent schools and offers easy access to the University of Florida, UF Health/Shands, The VA, NFRMC, Santa Fe College, Celebration Pointe, and Kanapaha Veterans Park. Don’t miss this opportunity to own a pool home that truly has it all—charm, convenience, and a touch of luxury. Schedule your private tour today and start living your dream at 1120 SW 80th Drive. Welcome home.
Source: STELLAR #gc524149
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc524149
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 30-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.
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.
MLS ID: #gc524149
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.