14624 NW 150th Ln, Alachua, FL 32615
3 beds · 3 baths · 1,764 sqft sqft
A fabulous find in Santa Fe Station! This 2003-built home is situated on a cul-de-sac lot with a fully fenced back yard. The home offers 3 bedrooms, 2 full baths, plus a half bath for guests located at the entryway. The open floorplan is perfect for entertaining guests. No more sharing sinks as both full baths have dual vanities. The garage has been partially converted to create two flex rooms. These spaces could service a multitude of purposes including an office, playroom, artists studio, craft/hobby room, etc. A portion of the garage was retained as a storage space, with wall-to-wall shelving. This location is one of Alachua's most convenient with the Hitchcocks and Rolling Oaks shopping plazas either a short walk or drive away. Quick and easy access to I-75 or US 441 makes commuting to Gainesville a breeze. This is a wonderful opportunity to update and renovate a home for your family to love for years to come!
Source: STELLAR #gc525679
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525679
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.
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: #gc525679