637 NW 4th St, Gainesville, FL 32601
3 beds · 2 baths · 1,260 sqft
Step into charm and comfort with this eco-friendly 3-bed, 2-bath bungalow in the historic walkable neighborhood of Pleasant Street in downtown Gainesville! Featuring fresh paint, wood-look laminate flooring, and solar panels that will be paid off at closing, this 1,265 sq ft home is pristine and move-in ready. Lush landscaping and a covered front porch welcome you to the property. As you make your way inside, you will find a cozy living room with an inviting space to gather with friends and family. An open concept layout has the living room flowing seamlessly into the well-appointed remodeled eat-in kitchen with stainless steel appliances including a new dishwasher, solid wood cabinets, and custom red oak countertops. Conveniently located off the kitchen is a laundry room complete with washer and dryer, and a door leading to the fabulous side porch that extends nearly the length of the house. Down the hall are two guest bedrooms with plenty of closet space, and a full guest bath with tub/shower comb. The spacious primary suite boasts a walk-in closet and ensuite bath with tub/shower combo. It also has a door opening to the long side porch, which is perfect for relaxing and enjoying the sights, sounds, and fragrances of a gardener’s paradise that includes mature landscaping, raised garden beds, plants that attract butterflies and hummingbirds, and over 20 different fruit and spice trees including pawpaw, mulberry, purple passion fruit, starfruit, pineapple, guava, persimmon, moringa, and curry leaf. A chicken coop, storage shed, and privacy fence complete this private oasis. The home has energy efficient appliances, and the solar panels generate enough energy to offset the home’s electric use, and even create a surplus at times. Updates to the home include the roof (2019), HVAC (2019), and tankless hot water heater (2018). Pleasant Street is a short stroll from Grove Street and Duckpond. All of these neighborhoods are lively and rich in history. You can find farmers markets, live music, restaurants, and shopping just a few blocks away. University of Florida is only a mile away. Listings in this neighborhood are rare, so if you have been searching for property that offers a blend of charm, character, and privacy in a vibrant and unique part of downtown Gainesville, schedule a private tour and immerse yourself in the experience!
Source: STELLAR #GC527814
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 #GC527814
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 of Equal Opportunity Act.