3010 SW 70th Ln, Gainesville, FL 32608
6 beds · 5 baths · 5,333 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your private estate in the back of Gainesville Golf & Country Club right next to Paynes Prairie. Nestled on a sprawling 1.53-acre corner lot, this grand residence offers over 5,300 square feet of living space and timeless architectural charm. A stately circular paved driveway makes a striking first impression, complemented by a separate drive to the 3-car garage. Inside, you'll discover gleaming hardwood floors, all new windows, and elegant arched doorways that add character throughout the home. The layout features a formal dining room, an expansive living area with custom built-in shelving, and a bonus living space perfect for a home office, media room, or playroom. The spacious kitchen is designed for both function and entertaining, with granite countertops, a mini bar, and a eat-in nook overlooking the serene backyard. The first-floor master suite includes two walk-in closets, a large ensuite bathroom, and extra storage space. Three additional bedrooms and two full bathrooms are also on the main floor, while the second floor offers two oversized bedrooms with a shared bath and connected closets. Ideally located just minutes from I-75, and only 2.3 miles from the University of Florida, UF Health/Shands, Celebration Pointe, and Butler Plaza, this property is the perfect blend of convenience and quiet luxury. Bring your vision to enhance its current beauty and make this estate your forever home.
Source: STELLAR #GC530159
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #GC530159
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.