This beautiful split level home offers 1883 sq ft with 3 bedrooms & 3 full bathrooms in the heart of highly sought after Mandarin. This lakeside hideaway with a coastal soul is located on a cul-de-sac with direct access to the spring-fed Lake Mandarin. Designed with elegance and functionality in mind. This home features a bright open floorplan. The gourmet chef's kitchen boasts sleek quartz countertops, a spacious center island with a breakfast bar & stainless-steel appliances. The kitchen flows seamlessly into the open -concept dining and living area, making it ideal for hosting gatherings & staying connected with guests while enjoying breathtaking views of the lake. Sit down and relax in the spacious family room with soaring 14 foot ceilings and enjoy cozy, tranquil nights nestled in front of a wood-burning fireplace. The 1st floor offers a bedroom which is currently used as a home office, with a full bathroom conveniently located just steps away. See more........ Ascend the stairs to an intimate alcove designed for unwinding with your favorite book - leading into the primary suite and the guest suite. The primary suite offers a peaceful retreat, flooded with natural light, with all stone floors, and an open terrace overlooking the lake. The perfect spot to enjoy your morning coffee & to watch the ducks, turtles, great blue herons, ospreys and even rocket launches from Cape Canaveral. The bathroom features double vanities, a sunlit walk-in shower, and a walk-in closet. The beautifully renovated guest suite features luxury vinyl plank flooring that blends rustic charm with modern elegance with a spa-like bathroom designed for ultimate comfort. This home transitions effortlessly between the indoors and outdoors with a high-end glass and screen enclosure, perfect for entertaining in any season. The Florida room leads to a beautifully designed backyard oasis featuring several wood and flagstone decks. The expansive main deck is the perfect backdrop for summer barbecues, evening cocktails or chatting around the fire pit. Enjoy the ultimate lakefront lifestyle- simply follow a few steps down right to the water's edge to launch your kayak, boat or paddleboard. Relax while fishing from your dock, go for a swim, or sit back and soak up panoramic views of the lake. The home features a newer roof, has been re-piped to CPVC, updated kitchen and bathrooms, Mitsubishi Mini Split in the primary bedroom, water softener, reverse osmosis, and custom floor trim throughout. For additional storage there is ample space in the attic and a shed in the backyard. Most of the outside decor will remain and other decor items can be negotiated. The refrigerator in the kitchen and 2 wall-mounted tv's convey. Established in 1978, the Lake Mandarin community has a beautiful private park on the lake with a pickle ball court. Residents love the convenience of I-295 and all the great shopping and restaurants nearby.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
