16870 NW 167th Dr Alachua, FL 32615
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About this home
Now priced at $349,900.00, Incredible value for this location. Imagine stepping into a home where modern comforts blend effortlessly with the charm of a welcoming neighborhood. Built in 2018 by Kara Bolton Homes, this Amelia model offers not just three bedrooms, but also a lovely bonus space perfect for a home office or a cozy retreat. As you walk inside, you’re greeted by 10 foot ceilings and warm wood look flooring, with sunlight spilling into a kitchen that’s truly the heart of the home. Granite countertops, custom cabinetry, and a welcoming bar area set the scene for mornings with coffee or evenings with a glass of wine. The master suite, with its elegant tray ceiling, feels like a private sanctuary. And when you step out through the glass doors onto the back patio, you’ll find a space framed by graceful live oaks, perfect for evenings under the stars. There’s even a charming front porch that invites you to enjoy a quiet moment at the start or end of the day. Nestled in a peaceful cul de sac, this home is truly at the heart of convenience. You’re literally moments away from Publix, local dining spots, and just a quick hop onto I 75, making it easy to reach Gainesville, Lake City, and beyond. With low HOA fees, Heritage Oaks offers that perfect blend of ease and elegance right where you want it. This isn’t just a house. It’s a place to fall in love with your everyday life. Schedule your private showing today.
Source: STELLAR #GC534174
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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.