2738 GEMSTONE CIR, Milton, FL 32571
Take a look at this gorgeous 5 bdrm, 3 bath brick home situated on a generous half acre lot in the sought after Ashley Plantation community! Walk through the front door to wood-look, easy-to-maintain luxury vinyl plank flooring extending throughout the main living area. The kitchen is equipped with granite countertops, a versatile island, and breakfast bar perfect for your morning coffee or a quick snack. Stainless steel appliances offer both beauty and efficiency, while the walk in pantry ensures you have plenty of storage. The living room offers a cozy atmosphere with elegance, including a tray ceiling and inviting fireplace. This home boasts a formal dining room with tray ceiling as well as a large office providing the ideal environment for those who work from home or need a quiet place to study. The home also boasts a generous sized laundry room adding convenience and space. The primary suite includes an adjoined bathroom with tub, tile shower, granite countertops, double vanity and a spacious walk-in closet to simplify your morning routine. Step outside and you'll find a screened in patio and the large privately fenced back yard - perfect for outdoor entertaining, as well as a generous sized storage building. Lease purchase option available!
You may be able to put down less than the total down payment amount of $90,641 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #637203
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.