2525 NW 38th Dr, Gainesville, FL 32605
4 beds · 2 baths · 2,274 sqft
Step into the epitome of Florida living in this beautifully appointed pool home, nestled in the serene Wood Creek neighborhood of Millhopper. This delightful residence combines convenience, comfort, and elegance, making it the perfect haven for those who appreciate life's finer details. Why You'll Love It? A prime location situated close to Publix, Fresh Market, and a variety of restaurants and bakeries. After enjoying local cuisine, take a leisurely stroll through the charming Shoppes of Thornebrook.The home greets you with fabulous curb appeal, showcasing lush landscaping and a warm, inviting brick facade that leads to a welcoming front entrance. As you step into the foyer, the living room to your right flows seamlessly into a formal dining area, perfect for hosting family dinners or gatherings. Escape to your private oasis with the primary bedroom, which boasts direct access to the pool via a sliding glass door, ensuring you're always just steps away from relaxation. Positioned for ultimate convenience, the kitchen is adjacent to the breakfast nook, formal dining area, family room, and patio. Skylights bathe the space in natural light, enhancing the home's airy feel. With three additional spacious bedrooms, one also featuring pool access, there's ample space for a home office or studio. The layout is ideal for both privacy and communal living. The screened-in patio is an entertainer's dream, leading to an in-ground pool and a generous backyard, perfect for gatherings or a peaceful evening after a day's work. Enjoy the Florida summer with a refreshing swim or warm up by the fireplace in the family room during cooler months.A separate laundry room and a second bathroom with direct pool access keep practicality at the forefront, ensuring the rest of the home stays dry and clean. Close to Santa Fe College and Spring Hill Medical Center, this home not only offers lifestyle but also peace of mind with essential services nearby. This home isn't just a place to live; it's a lifestyle choice for those who seek beauty, functionality, and community in one package. Don't miss the opportunity to make this charming pool home yours. Schedule your viewing today and experience the warmth and vibrancy of Wood Creek living. The seller will consider $10,000 in concessions to the buyer for closing costs or any desired updates to the home.
Source: STELLAR #gc521054
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc521054
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: #gc521054
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.