2332 NE 69th Ter, Gainesville, FL 32609
3 beds · 2 baths · 1,904 sqft sqft
Check out this very private paradise on a dead-end road, nestled away in an established neighborhood just a half mile from popular Newnans Lake and only minutes to Gainesville Regional Airport and downtown Gainesville! No HOA and no deed restrictions! Owners have given so much attention to this beautifully maintained home and property, that all you need to do is pack your suitcase and move right in! Many upgrades have been added on both the interior and exterior of this home. Upon arriving, you will be greeted by beautiful front yard curb appeal and manicured landscaping on a half -acre lot, to include fruit trees and yearly blooming flowers and a sidewalk leading up to the newly painted front porch. There's a newly installed gravel driveway and privacy fence with security gate enclosing the entire perimeter of property. The back portion of the privacy fence is lower to allow a better view of the wildlife along the preserve area. Both front and back porches have been freshly painted and a brand new well pump installed. There is also a carport area for additional parking. This well-maintained home is a perfect place to spread out with 4 bedrooms, large family room and formal living room. As you enter through the front door you will feel right at home with the open floor plan design and kitchen island perfect for small gatherings and entertaining guests! Northeast facing home offers plenty of natural light! The homes interior has been freshly painted and includes newer luxury vinyl plank flooring throughout the main living areas and new carpet in the bedrooms. Enter into the owners suite equipped with large walk-in closet and huge master bath with plenty of storage space! Bonus additional living quarters in the out-building that has been fully insulated and equipped with 2 a/c window units and kitchenette. It won't take much to add the finishing touches and turn this little gem into a tiny "guest" house! Relax on your back deck and enjoy the quiet peacefulness and the wildlife this property offers.
Source: STELLAR #gc523362
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc523362
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: #gc523362
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.