**Back on Market due to buyer financing falling through*** This meticulously renovated 5br residence offers a premier location within Durbin Crossing in the heart of St. Johns. Not only does it boast quick and easy interstate access, walking distance to the amenity center AND one of the highest rated K-8 schools, it also has relaxing rear water views - making this an excellent location. Inside there are upgrades at every turn. The kitchen was fully renovated in 2024 to include new kitchen cabinetry, under cabinet lighting, waterfall Quartz, and a $15,000 Zline 60'' Refrigerator to start. A thoughtfully laid out floor plan allows for 3 bedrooms/2 baths on the left side of the house, a dedicated office placed at the entry, and the beautiful master suite with an oversized walk-in closet to the right side of the home. The additional 5th bedroom can be offered to guests or enjoy as a flex space. It is currently enjoyed as the perfect rec cave fitted with a weight room, golf simulator and a theater room. Step outside to your own personal oasis. A heated swimming pool with a sun shelf is ready for family relaxation under the comforts of a screen enclosure. The summer kitchen is the ultimate wow factor out here. It has been completed tastefully with a built in gas grill, exhaust vent system and a separate dining island complete with waterfall quartz countertops. The entertainment experience is elevated in this home both inside and out. Additionally the exterior LED soffit lighting, Hardscape lighting, a solar panel system, upgraded cork flooring, 3 car garage, whole home vacuum system and more, this house truly checks all the boxes and more- it is an immediate must see! Come see it while it lasts!
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.
