750 NW 34th St, Gainesville, FL 32607
4 beds · 3 baths · 2,408 sqft
INVESTOR ALERT with NO HOA! Don’t miss this ‘turn-key’ ready, FULLY FURNISHED, 4 bedroom/3 bathroom concrete block home. It has an almost brand-new roof and has recently been painted inside and out. This home is located less than 1.5 miles from UF, just over 2 miles from Ben Hill Griffin Stadium, minutes to UF Health/Shands, and minutes to HCA Florida North Florida Hospital. As you open the door you’ll be greeted by the formal living and dining room. From the dining area you enter the kitchen, which has some nice upgraded features such as granite countertops and stainless steel appliances. From the kitchen you are lead to an ample laundry room, which is attached to an ensuite with walk-in closet and separate entrance. If the laundry room were upgraded with a kitchenette you would likely be able to have 2 separate guest stay at the same time. Going back through the kitchen you will enter the second living room, which is flooded with beautiful natural light streaming from its large sliding glass doors. From here you will access your private back patio and fire pit. Imagine yourself on game day grilling up some tasty treats then enjoying a quick Uber ride to the stadium. Going back through the second living room heading South you will find three more spacious bedrooms and two full baths. It's exceptionally rare to find a home, which has been updated, near the UF campus that has two of the four bedrooms featuring ensuite bathrooms. Situated in a quiet neighborhood with no intrusive HOA, this home offers peace, convenience, and quality of life. This home would make a tremendous rental property, Airbnb, or hybrid and is incredibly rare to find at this price point!
Source: STELLAR #gc525693
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc525693
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: #gc525693
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.