14004 NW 158th Ave Alachua, FL 32615
Your savings
About this home
Welcome to this updated 3-bedroom home in the heart of Alachua. Built from solid concrete block and fully renovated in 2017, this home offers a practical layout, modern finishes, and a large fenced backyard. Inside, you’ll find luxury vinyl plank flooring throughout the living, dining, and bedroom areas. The living room is bright and comfortable, opening into a dining space with sliding glass doors that lead directly to the backyard. The kitchen features dark wood cabinetry and updated appliances with plenty of workspace and storage. The primary bedroom includes a private half-bath with a newer vanity and fixtures. Two additional bedrooms are well-sized and versatile, easily suited for family, guests, or a home office. The second bathroom has been tastefully updated to match the home’s clean, modern feel. Step outside to a spacious, fully fenced yard with room for kids, pets, and outdoor gatherings. A shaded pergola patio offers the perfect spot to relax or host friends, and there’s also a storage shed for tools and equipment. The covered carport and long driveway provide plenty of parking options. Located on a corner lot with beautiful mature trees, this home sits just footsteps from the local school bus stop and minutes from downtown Alachua’s parks, restaurants, and shops. With no HOA and no rental restrictions, it’s an excellent opportunity for homeowners or investors seeking a move-in-ready property in a convenient location.
Source: STELLAR #GC534917
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.