19825 NW 159th Pl, Alachua, FL 32615
3 beds · 2 baths · 1,862 sqft
Luxurious 2020 HGTV ready home in the craftsman style front porch community of Peyton’s Preserve! This gorgeous like-new 3-bed/2-bath home on an oversized lot features an above-ground pool, and 1,862 sq. ft. of energy efficient features and elegant finishes of the highest quality. Opening the ornate glass front door and stepping into the foyer, you will find the living room/dining room with luxury vinyl plank flooring and tray ceiling with crown molding. To the left of the dining area is the kitchen which is sure to accommodate the most discerning chef with its granite countertops, tile backsplash, stainless steel appliances, pantry, and breakfast bar. A split floor plan offers privacy for family members and guests. There are two comfortable guest bedrooms with plush carpeting, and a guest bath with granite, 18” tile, and shower/tub combo. The spacious owner’s suite has a tray ceiling with crown molding, cozy sitting area, plush carpeting, walk-in closet, and ensuite bath that features double vanities with granite, 18” tile, and a walk-in shower with glass door. You will also discover an indoor laundry closet, and convenient office nook that includes a long built-in desk with granite. Recent additions include the pool, screened porch, firepit, and privacy fence, which create a backyard oasis. Peyton’s Preserve is a gated community surrounded by woodlands, and located between Alachua and High Springs, charming cities with small-town atmospheres. The property is an 8-minute drive to I-75, 8-minute drive to the Publix in Alachua, and a 25-minute drive to University of Florida in Gainesville. Restaurants, stores, and spectacular natural springs for outdoor adventure are all close by. If you have been searching for a home that blends luxury, comfort, affordability, and a fabulous location, you will want to schedule your private showing right away since homes in this neighborhood are rarely seen on the market!
Source: STELLAR #gc524534
Source: STELLAR #gc524534
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: #gc524534
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.