2332 NE 69th Ter Gainesville, FL 32609
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About this home
Tucked behind a gated privacy fence, this northeast Gainesville property feels like your own private retreat. Fruiting trees and winding vines line the yard, welcoming you into a space that’s equal parts peaceful and full of potential. Whether you're dreaming of a flourishing garden, a home base for creative projects, or just a little more room to spread out, this one delivers. Inside, the open-concept living, dining, and kitchen area offers a bright, functional layout that flows easily for everyday living. The split floor plan places the primary suite on one side with its own en-suite bath, while two additional bedrooms and a full guest bath sit on the other. Out back, a large deck invites you to relax or entertain under the open sky. There’s also a versatile hobby shed, fully finished with drywall and electrical, just waiting to be turned into a studio, workshop, or a safe place for extra storage. A covered carport provides convenient parking, and there’s additional space for an RV, boat, or trailer with easy access in the back of the property. Just minutes from downtown Gainesville, this peaceful homestead offers so many opportunities and room to grow. Schedule your private tour today! Note: parcel number 17742-12 is also included in the purchase
Source: STELLAR #GC532511
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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.