2246 NW 89th Way, Gainesville, FL 32606
3 beds · 3 baths · 1,710 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 a total of 2364 square feet (1,710 sf. heated & cooled) with 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 countertops, 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. Low maintenance yard. 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. Low HOA fee of only $70 per month. Call today to set up a private showing. Available for quick closing and occupancy.
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.
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: #gc525572
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.