19484 NW 228th Dr High Springs, FL 32643
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About this home
This beautiful 4-bedroom, 2-bathroom home in the family-friendly Bailey Estates subdivision of High Springs is ready for its new owner - and the motivated sellers are offering some serious incentives to make that happen before the holidays. Step inside to discover an open floor plan living space where the living room flows effortlessly into a masterclass kitchen, perfect for everyday enjoyment and entertaining. The master bedroom offers a comfortable retreat and the master bath adds functional comfort, while the additional bedrooms plus bath provide plenty of space for family, guests, or a home office. You will also appreciate the generous closet space, storage options, and overall flow of this single-story layout designed for both comfort and functionality. The home features a finished screened-in back porch providing a terrific space for relaxing outdoors, sipping morning coffee, or watching kids play in the fenced in back yard. Outside, the fenced back yard delivers privacy and room for pets, play, or gardening, while the lot and home join the appeal of this quiet neighborhood with woods nearby and resident deer spotted roaming through the evenings. This property offers an assumable VA loan at a 3.25 interest rate, available to qualified veterans who meet lender approval. Assuming the mortgage means you take over the seller’s current loan balance - a great way to lock in an amazing rate - while bringing cash at closing to cover the difference between the existing balance and the purchase price. The sellers are also offering a $5,000 credit toward closing costs or a down payment with an acceptable offer, giving buyers added flexibility and purchasing power as they move forward. All of this comes while being ideally located near the beautiful natural attractions that make High Springs such a sought after area. Spend your weekends exploring the crystal clear water of Poe Springs, Blue Springs, and the Santa Fe River - all just minutes from your door step - or take advantage of the endless outdoor activities North Central Florida is known for. High Springs is also only about ten minutes from Alachua, where you will find all necessary facilities such as healthcare, shopping, restaurants, and more. Families will appreciate being within walking distance of High Springs Community School, and residents enjoy the peaceful, small-town atmosphere while still being close to everything they need. With motivated sellers, a valuable assumable low-rate loan, and a move-in ready home in one of the area’s most desirable communities, this opportunity won’t last long. Make this beautiful Bailey Estates home yours today!
Source: STELLAR #GC534808
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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.