920 Turkey Crk, Alachua, FL 32615
4 beds · 3 baths · 2,364 sqft sqft
Looking to get away from the hustle and bustle, but still minutes to Gainesville, don’t miss this lovely 4 bedroom, 3 bath plus study home in the White Oaks section of the gated community of Turkey Creek. Located on a spacious .27 acre lot, this all Hardiboard home is located on a desirable cul-de-sac street and enjoy a brand new roof 2022 and NEW HVAC 2023. Enter the welcoming foyer to views of the separate formal living room and formal dining room, both featuring newer wood floors and an abundance of natural light. To the left of the foyer is a spacious study with built-in shelving. Beyond the formal living areas is a large kitchen featuring all wood cabinets and a extensive breakfast bar which can accommodate multiple bar stools. Adjacent to the kitchen is a light filled breakfast room. The kitchen and family room compose an open floor plan and the family room features wood floors, game closet, and sliders to the screen lanai. On the opposite end of the house is the owner’s suite which features an over-sized walk-in closet and a large owner’s bath with double vanity, shower, and private water closet. Off the main living area on the kitchen side of the home a hallway leads to 3 large guest rooms and 2 hall baths, both with tub/shower and skylights. A large covered and screened lanai opens to a concrete courtyard area, perfect for entertaining. A large yard has newer fencing installed by the HOA. An indoor laundry with washer and dryer along with a 2 car garage completes the picture. Turkey Creeks offers a range of amenities including an 18 hole golf course, clubhouse complete with restaurant, pool, tennis courts, and play ground. There is a second pool for the exclusive use for residents who reside in White Oaks. Turkey Creek is a convenient location halfway between Gainesville and Alachua where there is a wide choice of shopping in both areas, not to mention a short drive to UF and I-75.
Source: STELLAR #gc524461
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc524461
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: #gc524461
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