11234 NW 31st Ln, Gainesville, FL 32606
3 beds · 2 baths · 1,730 sqft sqft
2024 Roof, 2022 AC, newer water heater in this amazing and clean home in highly-desired community of Wellington Place, primarily due to its location and school zone! Situated towards the higher back area of this pool community, this home, sprawled on 1730 sq ft of H/C space, offers 3 bedrooms, 2 baths, large great room with fireplace adorned with tasteful mantle, gorgeous kitchen, big breakfast area and the formal dining can easily be a flex room/office! Beautifully-updated kitchen with generous maple cabinetry, granite counters, stainless steel appliances, breakfast bar, backsplash and desk/utility nook! Tons of natural light pouring in through the large windows and optimized but the open floor plan and tray ceilings in the living & master bedroom. The master suite features a large master bedroom, dual vanities with granite countertops, Jacuzzi tub, a walk-in shower, walk-in closet & access through a private door to the screened patio. Two additional bedrooms, guest bath with granite counters, a laundry room with laundry tub, a 2-car garage, & a screened-in porch finish this spectacular home. This home offers privacy being located on a quiet street in the back of the community. The community offers a pool, clubhouse, sidewalks ! To boot, this home is zoned for Meadowbrook Elementary, Fort Clarke Middle & Buchholz High Schools-Top Rated schools in Alachua Co. Can skip & hop to both elementary and middle school and a quick drive to the high school! Conveniently located close to I-75, Publix and restaurants! Call now to schedule your viewing!
Source: STELLAR #gc525900
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525900
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.
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: #gc525900
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.