11234 NW 31st Ln, Gainesville, FL 32606
3 beds · 2 baths · 1,730 sqft
PRICE IMPROVED! $1000 Buyer Credit towards Closing Costs in lieu of additional landscaping. 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
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #GC525900
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.