1120 SW 80TH DR, Gainesville, FL 32607
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.
You may be able to put down less than the total down payment amount of $164,162 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #gc524149
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.