2723 NW 245th Dr, Newberry, FL 32669
3 beds · 2 baths · 1,792 sqft
Enjoy this home on 1.18 acres in Newberry Hills. This is a rare neighborhood where all the lots are at least one acre. This home offers 1792 square feet of living space. Wood flooring in living area that was installed in 2020/2021. Living room has brick wood burning fireplace, built in bookcase with electrical outlets, power in floor, wired for surround sound. Spacious nook off kitchen with sit at bar, double oven, refrigerator approx. 2 years old, pantry. Nice size guest bedrooms both with walk in closets. Guest bathroom updated 2 years ago w/linen closet. Split bedroom plan (tv in 1st bedroom stays). Oversized Primary bedroom with French doors that lead out to covered porch. Bathroom with corner jetted tub, linen closet, pocket door that separates large open shower for privacy. Fenced Backyard with lots of shade, Gazebo, (Firepit does not convey), Laundry room with shelving and extra storage closet. (Washer & Dryer convey). Garage with built in shelving, pull downstairs with plywood for extra storage. Roof replaced in March of 2020, Septic Drain field replaced 2 years ago, Well Pump 2.5 Year ago, Hot Water Heater 5 Years ago. Home is wired for Generator (Generator convey), Clay Electric and Cox Cable. Say goodbye to HOA fees with this no-HOA property. Walk to Easton Sports Complex where there are opportunities for the active ones in your family, including a full archery training center. Nothing spared here for you to get the best of what Newberry has. Located near downtown Newberry and just a short drive from Gainesville, High Springs, and Alachua
Source: STELLAR #gc525745
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525745
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: #gc525745
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.