2051 NW 49th Ave Gainesville, FL 32605
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About this home
Welcome to Sorrento! This 3 bedroom, 2 bath home features a light, bright, open design with vaulted ceilings, living room & family room areas, a large owner’s suite and tile floors throughout (no carpet). The kitchen has lots of cabinet and counter space along with a breakfast nook and bay window. The large owner’s suite has a walk-in closet, bay window looking out to the back yard and a luxury bath with double sinks, separate shower and garden tub. A triple-wide sliding glass door leads from the family room to the large, open patio and back yard abutting a preservation area so there are no neighbors behind. Sorrento is a Northwest Gainesville community with resort style facilities including clubhouse with kitchen, billiards room, fitness center, tennis courts, pool, playground and basketball court. Lots of jogging and bike riding opportunities via many connected neighborhoods. It’s less than five miles from the University of Florida, Shands Hospital, VA Medical Center. Shopping, dining, grocery stores and more are nearby. Kids walk or bike to neighborhood elementary school. Come discover the North Central Florida lifestyle where nature & culture meet with active lifestyle opportunities all year with our long summers, cool spring & fall and short chilly season. Enjoy numerous area parks, springs, rivers, lakes, museums, sporting events, performance & art centers.
Source: STELLAR #GC534979
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.