2246 NW 89th Way, Gainesville, FL 32606
3 beds · 3 baths · 1,710 sqft sqft
Affordable luxury in the boutique neighborhood of Tara Lane! Take a look at this 3 bedroom 2.5 bath home built in 2023 with 1710 square feet plus a 2 car garage and screened rear lanai. The front porch welcomes you in and as you enter you will notice the "wood look' tile throughout the foyer, kitchen, great room, laundry, baths and hallways. The large, light and bright open kitchen has been designed to entertain with a huge island that offers additional seating. The kitchen offers white shaker cabinets, light quartz counter tops plus a full stainless steel appliance package with fridge, stove, dishwasher and microwave. Lots of windows allow natural light to flow in the great room. Spacious primary bedroom offers an on-suite bath with a big walk-in shower, double sinks, quartz counter top, and deep walk-in closet. Both guest bedrooms and guest bathroom are located in their own private hallway. There is a half bath by the front entrance along with a laundry room and 2 car garage. Enjoy outdoor living or dining in the screened, covered lanai with views of nature. Convenient location near Santa Fe College, all kinds of shopping and dining options and walking distance to Hidden Oak elementary and Fort Clark Middle school. Common area at the end of the street has a walking trail, mailbox station and guest parking.
Source: STELLAR #gc525572
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525572
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: #gc525572