1523 SW 68th Ter, Gainesville, FL 32607
3 beds · 2 baths · 1,939 sqft sqft
STOP THE CAR! Welcome Home to this stunning 2022 built CORNER LOT home in Grand Oaks! This home is jam packed with more than $15,000 in upgrades not included by the builder, including: a new privacy fence, irrigation system, screened in lanai, luxurious landscaping both front and backyard with a dedicated space for an herb garden PLUS a bonus fridge in the garage for extra storage. When you arrive you'll love the meticulously maintained landscaping, the pristine exterior, and the commanding 8' door. Step inside to 9' ceilings, natural gray luxury vinyl plank floors, and an abundance of natural light pouring into the home from all angles. The foyer opens to a gorgeous open concept living area where no expense was spared! The chef's kitchen boasts a 10' island, custom backsplash, a farmhouse sink, a French-country style range hood, a true chef's dream gas stove, and top-tier stainless steel kitchen appliances. The massive living room is elevated by a two-tier tray ceiling and a stacking 8' sliding glass door giving a gateway to the huge screened in lanai for the perfect indoor/outdoor experience especially when entertaining. Glass French doors deal to a bonus room perfect for a home office, formal dining room or a playroom. Beyond the bonus room, is a true primary suite built for tranquility and relaxation with a tray ceiling and a perfectly executed primary bathroom featuring a free standing shower, double vanity sink and a walk-in closet with upgraded built-in shelving. Two well appointed guest bedrooms give ample space between the primary allowing privacy for the whole family. Additional features include: built-in drop zone giving a mud room feel between the garage and kitchen, epoxy flooring in the 2 car garage, oversized laundry room with cabinetry and a utility sink, community pool, and so much more. Call today to schedule your showing! *Buyer to verify all property details.*
Source: STELLAR #tb8311052
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8311052
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: #tb8311052
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.