4475 SW 21st Ln, Gainesville, FL 32607
3 beds · 2 baths · 1,361 sqft
Under contract-accepting backup offers. Welcome to this charming cozy two-story 3-bedroom, 2 bathroom Townhouse (Single Family Attached) of Marchwood with ample living space and a comfortable lifestyle of low monthly HOA fees. This home is located in the heart of Gainesville. Conveniently located for shopping and dining at Butler Plaza, Celebration Point, close to UF Health, HCA North Florida Hospital, VA Hospital, University of Florida and easy access to I-75. On the main floor, the kitchen opens into a large family room with high ceilings and natural light, also on the main floor is a full bedroom and bathroom. The fireplace in the family room was recently updated for you to enjoy on those cold cozy winter nights and a new water heater that was replaced in 2023. Leading upstairs on the second floor are new wood stairs and two additional bedrooms and a full bathroom. The naturalistic private backyard backs up to green space, a great area for gardening, relaxation, or any social gatherings and not to mention, the amenity includes the community pool for those hot summer days. Close by is a short walk to Forest Park that has new pickleball courts, soccer fields, beach volleyball courts, dog park and more, providing you with lots of outdoor recreation to enjoy. This can be your next home or a great investment opportunity. Schedule your showing today!
Source: STELLAR #GC529386
Source: STELLAR #GC529386
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.