9945 NW 18th Rd, Gainesville, FL 32606
3 beds · 2 baths · 1,910 sqft
Prime location in Ellis Park and inherent charm makes it a true gem. Bring your finishing touches and make this dream home your own! This charming 3-bedroom with flex space (possible 4th bedroom), 2-bath residence, features a screened porch lanai and a private outdoor seating area, is nestled on a cozy and beautifully landscaped small lot. As you step inside, you'll be greeted by the spacious and light-filled living areas, complete with tall 10-foot ceilings that lend an airy, and open atmosphere. The heart of the home is the spacious and well-appointed kitchen, with open concept for entertaining and a formal dining room. Whether you're an amateur chef or just enjoy cooking for your loved ones, this kitchen provides all the tools you need to create delicious meals. The primary bedroom is a true retreat with an in-suite bathroom, allowing you to enjoy privacy and comfort. Relax in the soaker tub or if the shower suits you better you have that option. This spacious bathroom has been upgraded with elegant stone countertops and has dual sinks. Step outside, and you'll find a small but well-maintained lot, perfect for those who prefer low maintenance and a more intimate outdoor space. You'll have a private sanctuary to enjoy the fresh air. This community was built with comfort and walkability in mind. The playground and pool are an easy walk, and there are sidewalks throughout for safety and convenience. Ellis Park has always been popular due to its close proximity to North Florida Regional Medical Center, shopping, restaurants, Publix, and so much more. With a warm and welcoming atmosphere, it's ready to become your forever home. Don't miss this opportunity to make it your own and enjoy the best of both style and functionality!
Source: STELLAR #gc522556
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #gc522556
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: #gc522556
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.