Financing Options to Fit Your Needs! ***Sellers are Motivated*** Unlock an incredible opportunity with an Low assumable VA loan, giving you one of the most affordable paths to homeownership on the market today. From the moment you step inside, this two-story home welcomes you with a thoughtful floorplan that blends open living spaces with private retreats. The first floor begins with a spacious foyer that leads into a formal living and dining area, perfect for hosting gatherings or family celebrations. Just beyond, the home opens into a bright and inviting family room seamlessly connected to the kitchen, creating the true heart of the home. The kitchen is a chef's delight, boasting granite countertops, stainless steel appliances, an oversized island with pendant lighting, and a large pantry that make storage a breeze. Whether it's everyday meals or entertaining friends, this kitchen has both style and function covered. The open layout ensures you're always connected, whether you're preparing dinner while keeping an eye on the kids in the family room or hosting game nights that flow from one space to another. Upstairs, the home continues to impress with a generous loft that offers endless possibilities, think media room, home office, or a playroom that grows with your family. Every bedroom includes its own walk-in closet, ensuring plenty of storage and personal space for everyone. The owner's suite is a true retreat, featuring a large sitting area for relaxation, a walk-in closet big enough to satisfy any wardrobe, and a spa-like ensuite bath designed for comfort at the end of the day. Additional highlights include stylish wood-look plank flooring throughout the main living areas, tall ceilings that add a sense of openness, recessed lighting for a modern touch, and a low-maintenance yard that gives you outdoor space to enjoy without overwhelming upkeep. Location is everything, and this home delivers convenience as well as comfort. Situated in a quiet community, it's just 25-minute drive to Mayport, making it an excellent choice for military families who want to minimize commute times while still enjoying a peaceful neighborhood setting. Access to local shopping, dining, and schools adds to the appeal, ensuring this property offers not just a house but a lifestyle that fits your needs. With its unbeatable 3.25% assumable VA loan, spacious and functional floorplan, stylish upgrades, and prime location near both bases, this home is more than just a move, it's a smart investment and a chance to create your next chapter.
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 © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
