LOVELY GOLF COURSE COMMUNITY HOME DESIGNED FOR MULTI-GENERATIONAL LIVING. Nestled into a quiet cul-de-sac close to the 2nd tee of Royal St Augustine Golf & Country Club, this spacious 4-bedroom, 4-bath home is flooded with natural light and thoughtfully designed for a large family and multi-generational living. The split plan features the Primary Bedroom Suite on the west wing of the ground floor with sliding glass doors to the covered patio, and 2 additional bedrooms on the west wing, both of which have full baths. The upper suite offers a massive open bedroom, providing additional living and hobby/entertainment space with a generously sized closet and another full bath. Stepping into the home from the covered front porch, you will find a welcoming entry with wood flooring and floor to ceiling windows, framing the wooded view at the rear of the property. French glass doors off the entry open into a spacious office. The family room features stunning display windows surrounding a fireplace. This room is open to the large kitchen with granite topped counters, a large pantry and an island. The adjacent dining area is framed by a soaring bay style window overlooking the rear of the property. There’s space for both privacy and gathering for all. This home has storage galore with 3 large closets off the garage hallway and a huge utility room with washer and dryer hook-ups for laundry. The back yard is accessed by a set of 3 sliding glass doors off the family room, plus an additional entrance from the rear suite. Step out onto a lovely, tiled wrap-around back porch where you will be protected from the elements by a roof. The porch has ample space for lounging and dining, plus a stone section ideal for a firepit. A wrought iron fence retains the beautiful, wooded view from the back yard while keeping family and your 4-legged friends protected. The Royal St Augustine golf community is located between I-95 and downtown St. Augustine, just minutes to the highway or all the ancient city has to offer. The golf course can be used casually on a fee basis, or you can become a member. The oldest city in the US, St. Augustine offers entertainment for every interest, whether you crave music and culture, history and architecture or family fun and adventure. Collegiate sports fans will love Flagler College, of which the former Ponce de Leon Hotel, built in 1888, is the centerpiece. This architecturally stunning campus holds the largest collection of Tiffany glass in the world. Enjoy the historic sites, trolley and walking tours, museums, a multitude of city events, plus concerts at the St. Augustine Amphitheater. A foodie’s paradise, St. Augustine features countless unique eateries. Minutes from the Vilano Bridge, take your choices of beaches to visit nearby, where you’ll enjoy beachfront restaurants, shops, a fishing pier and more.
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.
