3957 NW 43rd Ct, Gainesville, FL 32606
4 beds · 2 baths · 1,855 sqft
Nestled in the serene Foxfire Woods neighborhood of Gainesville, this charming single-family residence offers a harmonious blend of comfort and natural beauty. Built in 1978, the home features four bedrooms and two bathrooms within approximately 1,855 square feet of living space, all set on a generous 0.7-acre lot. The property boasts a unique backyard that extends across Hogtown Creek, providing a picturesque and private setting. Despite its proximity, the creek has consistently maintained low water levels, effectively managing rainwater during heavy storms, including hurricanes. Outdoor living is enhanced by three distinct patios: A poolside patio with direct access to the second bathroom, ideal for seamless indoor-outdoor transitions. A workshop area, perfect for hobbies or additional storage. A central elevated patio with a roof overhang, accessible from the kitchen, offering potential for enclosure to expand the home's living area. The spacious garage, resembling two single-car garages, provides ample room for vehicles and storage needs. An expansive driveway accommodates up to seven cars, making it convenient for hosting gatherings. Additionally, the walkable attic presents an opportunity for conversion into extra living space. Recent improvements include a new roof installation valued at $39,000, with insurance review currently pending. The community is characterized by its stability, with many long-term residents fostering a close-knit atmosphere. The absence of a Homeowners Association (HOA) offers homeowners greater flexibility. The property's location at the end of a cul-de-sac ensures minimal traffic and enhanced privacy. The adjacent land, owned by Forest Meadows, guarantees that the natural landscape behind the home remains undisturbed. Notably, neighboring properties have demonstrated strong market values, with a home across the street selling for $450,000 two years ago, and another nearby property with a mother-in-law suite selling for $560,000 last year. This residence presents a unique opportunity to enjoy a tranquil and private lifestyle, complemented by the beauty of its natural surroundings and the potential for personalized enhancements. If this is NOT ON MY MLS, please just reach out to listing agent below for disclosures and MLS info sheet.
Source: STELLAR #tb8324183
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8324183
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: #tb8324183
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