20505 NE 114th Ave, Waldo, FL 32694
3 beds · 2 baths · 2,102 sqft sqft
Under contract-accepting backup offers. Price Reduced and Ready to Sell!!! Experience the blend of comfort and convenience in this charming 3 BR/2 BA home on 1.25 acres near Lake Santa Fe. With 2,102 square feet of living space under a durable metal roof that’s only 6 years old, you can rest easy knowing that this home's critical components are updated and robust—the water heater is 5 years old, the well pump is 2 years old and the HVAC system is only 4 years old. The charming long driveway sets the stage for this home's welcoming and peaceful atmosphere. Engage in easy living with a spacious kitchen with not one but two pantries and a breakfast bar. This home features room for the family to spread out with a breakfast nook, dining room, living room and a family room with built-in shelving. The grand master suite boasts a tray ceiling, his and hers closets and a jetted tub in the sizable primary bathroom for your private spa experience at home. Step into the Florida room and see how it seamlessly integrates with the home, ready for you to entertain your guests. Not only is there an attached 2 car garage but outside there’s a storage shed offering additional space for your tools or toys. Discover the perfect blend of comfort, space, and an uncomplicated commute to Gainesville, Jacksonville, or Ocala. Don’t wait, explore the potential of this exquisite residence and all it offers.
Source: STELLAR #gc520924
Source: STELLAR #gc520924
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: #gc520924