VA loan
1 of 38
VA loan
$515,000

105 Lake View Ct, Kingsland, GA 31548

4 beds · 3 baths · 2,408 sqft

Located in the Laurel Island Golf Course community on a cul-de-sac - a freshly painted 4 bedroom, 3 bath home with a lake view from its in-ground screened in pool and fenced back yard! This move-in ready home features a separate formal living and dining room that easily could be used as office or extra recreational space. This open concept living area features oak cabinetry, granite counter tops, breakfast bar and breakfast nook in the kitchen area. High ceilings, fireplace and wood flooring in the living area that opens up to the fantastic outdoor living area with a lot of room for patio furniture, entertaining areas and is fully enclosed with a bird cage screen enclosure overlooking the lake and fountain. Additional patio slab outside enclosure. The split bedroom plan is the owner's suite on one side with high ceilings, private bathroom with separate shower, whirlpool tub and large walk in closet. Two great sized spare bedrooms are located in the front right side of house with a guest bathroom. Last spare bedroom is located in it's own corner of home with full bathroom right outside of door and access to pool! Laurel Marsh is apart of the Laurel Island Golf community - amenities include a community pool, tennis courts, and play area. Located close to Kings Bay Sub Base, shopping, schools, restaurants and I-95. 30 minutes to Jacksonville international airport. Less than 45 minutes to FLETC, Brunswick, Georgia and Florida Beaches

Estimated
Seller's interest rate
3.76%
7%
Estimated
Monthly payment
$2,113
$2,964
You may also save up to $279,150 in total interest paid.
Listing price
$515,000

Your cash down payment
$82,190
Seller’s estimated current equity is $82,190
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,113 monthly payment

Financed
$432,809
Assumed mortgage 3.76% • Seller's rate
$432,809
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.33 acres
Year built
2003
Type
Single Family Residence

Source: GAMLS #10414900

Loan
Remaining term
27 years, 4 months
Rate
3.76%
Monthly P&I
$2,113
Remaining loan balance
$432,809

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Dec 07, 2024 06:18 am
Listing agent: Summer L. Flowers (803) 460-8401
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10414900
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,113/mo
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