22866 NW 196th Rd, High Springs, FL 32643
4 beds · 3 baths · 2,361 sqft
This jewel in High Springs offers 4 bedrooms, and 2 1/2baths. As you enter the home, to the right you will find a separate room that can be used as a sitting room, home office or whatever you wish! Downstairs is living space!! Featuring no carpeting (LifeProof LVP flooring), a large kitchen and dining area leading to a spacious living area. Perfect for entertaining. Don't miss the walk-in pantry in the kitchen! And additional storage underneath the stairs, too. Upstairs you will find 4 bedrooms and 2 baths. The primary bedroom is fantastic - large enough for a sitting area and a king size bed, to make this truly a retreat! Large walk-in closet, and the ensuite bathroom is big enough for everyone to get ready for the day at the same time! Did I mention the upstairs laundry room - don't worry about carrying dirty and clean cloths up and down the stairs - it is so convenient! The owners just freshly painted the interior and now it is waiting for you to add your own personal decorating touches. Add the oversized two-car garage and an ample yard. The backyard space extends down both sides of the house. Also, no neighbors in the rear of the home, lending to privacy and lovely nights relaxing with friends, family or by yourself enjoying the evening on the large 445' concrete patio - room enough for outdoor dining & living room areas! The home has gutters, privacy fenced yard (with gates on either side of the front). One of the current owner's favorite parts of the neighborhood is the cut through to the High Springs Community School - just a 5-minute walk from the house! High Springs has a quaint main street with dining and shops, about 12 miles from the big stores and activity of Gainesville. Although, an easy commute to Gainesville, the University of Florida, and Shands Hospital., High Springs still maintains a cozy hometown feeling and is in close proximity to several springs for outdoor fun.
Source: STELLAR #GC524908
Source: STELLAR #GC524908
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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