719 Turkey Crk, Alachua, FL 32615
3 beds · 3 baths · 2,862 sqft
Lovely 3 bedroom 3 bath home with a 2 car side-facing garage located on a beautiful lot in the gated golf community of Turkey Creek. All rooms are on the ground floor, except for the huge upstairs bonus room with a full bath that could be used as a 4th bedroom. New HVAC. Seller will agree to replace the Roof prior to closing, with an offer agreeable to both seller and buyer. Very large great room with gas fireplace. Spacious eat-in kitchen with gorgeous 42" wood cabinets, pantry and an eat-at bar. Giant laundry room with lots of cabinets and a laundry sink. Huge primary bedroom with large bath featuring double vanities, garden tub and a separate shower. Screened Lanai is approx. 27' x 15'. Home backs up to a common area, providing a nature lovers paradise. Great neighborhood for walking and riding bikes. This 18 hole golf community features a pool, clubhouse, restaurant and bar, tennis, pickle ball, soccer, basketball, baseball diamond and playground. The home is constructed of MilenniumBlok (a green product made of cement and recycled polystyrene, and cooler in the summer and warmer in the winter, at a lower cost.) R-32 insulation value in exterior walls, wind resistance up to 180 mph and superior sound dampening. Approximately 15 minutes from the University of Florida and I 75. 10 mins. to Devils Millhopper Geological State Park and 15 mins. to San Felasco Hammock Preserve State Park. Short drive to grocery stores, Walmart, hospitals and shopping. Wonderful home!
Source: STELLAR #om676037
Source: STELLAR #om676037
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: #om676037
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