23122 NW 11th Rd, Newberry, FL 32669

Contemporary and elegant describe this 1,616 3-bed/2-bath concrete block Maronda home in the much sought-after community of Newberry Oaks! Featuring lovely architectural details and high-quality finishes, this home is beautifully adorned with hardwood floors, vaulted ceiling, open concept floor plan, huge patio with pavers and 10 x 30 pergola, and a NEW ROOF coming soon! Entering the home, you will find yourself in a welcoming foyer that opens to the vast living space, which includes a formal dining room, living room, and family room with sliding glass doors leading to the backyard. Just beyond the formal dining room and overlooking the living room and family room is the large kitchen, perfect for culinary enthusiasts with its new stainless steel appliances, granite countertops, and breakfast nook. A split bedroom plan has the guest bedrooms and full guest bath to the left as you enter the home. Off the family room at the back of the house is the luxurious primary suite with walk-in closet, double vanities, walk-in shower, bathtub, and water closet. When entertaining guests, you will want to treat them to the shaded patio where you can comfortably host a large gathering while watching little ones play in the fenced backyard. The property includes a firepit, landscape lighting and an irrigation system in the front and back yards, and on the pergola. Additional bonuses include a parking pad for a boat or RV, newer hot water heater (2021), newer fence (2020), green space behind the property, and NO HOA FEE! Ideally located, the community of Newberry Oaks is about 10 miles from Gainesville and access to I-75, 7.5 miles from the Town of Tioga, 2 miles from Newberry, and just 1 mile from the popular Alachua County Agriculture and Equestrian Center. With such an appealing home, lot, and location, you won’t want to wait!

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

• Buyers
• Agents
• Sellers

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.

Last updated: Nov 21, 2024 09:13 am

Listing agent: Whitney Johnson Perkins (352) 665-0600

Listing provided courtesy of: KELLER WILLIAMS GAINESVILLE REALTY PARTNERS (352) 240-0600

Details provided by STELLAR and may not match the public record.
MLS ID: #gc522211

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