VA loan
1 of 78
VA loan
$815,000

140 Pintoresco Dr, Saint Augustine, FL 32095

4 beds · 4 baths · 2,902 sqft sqft

NO CDD BOND in prestigious Madeira neighborhood of St. Augustine, for this home crafted by Elacora Builders in 2016. This stunning home, set on one of the largest lots in the community at 1/3 of an acre, embodies modern elegance and eco-friendly living. Key Features: Spacious Living: Enjoy generous living spaces designed for both relaxation and entertainment. The open floor plan is perfect for modern living, with an abundance of natural light streaming through large windows. Eco-Friendly Amenities: Embrace sustainable living with solar panels that significantly reduce energy costs and a tankless hot water heater providing endless hot water on demand. Gourmet Kitchen: The chef's kitchen is a culinary dream, gas cook-top, custom cabinetry, and a large island ideal for gatherings. Luxurious Bedrooms: Retreat to the serene primary suite, offering a spa-like bathroom and ample closet space. Additional bedrooms are well-appointed, providing comfort and privacy for family and guests. Ample Storage: The two-car garage with a tandem third bay offers plenty of room for vehicles and storage. Additionally, easy access to the attic on the second floor provides even more storage options. Outdoor Oasis: The expansive backyard, set on one of the neighborhood's largest lots, invites you to create your own outdoor paradise. There's plenty of room for a pool, garden, or play area. Community and Convenience: Located in the highly desirable Madeira neighborhood, this home offers a serene suburban lifestyle with easy access to St. Augustine's historic downtown, beautiful beaches, and top-rated schools. Experience the perfect blend of luxury and sustainability at 140 Pintoresco Dr. This exceptional home is a rare find in one of St. Augustine's most sought-after communities. Don't miss the opportunity to make it yours!

Interest rate 3
4.875%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,055
With Roam
$2,431
Reduce your monthly payments by $375 when you assume this mortgage.
You also save $124,360 in total interest paid.

$441,170
Edit

You may be able to put down less than the total down payment amount of $441,170 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

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
Size
2,902 sqft
Price per sq ft
$263
Lot size
0.39 acres
Year built
2015
Type
Single Family Residence

Source: REALMLS #2040206

Loan
Remaining term
27 years, 7 months
Rate
4.875%
Monthly P&I
$2,055
Remaining loan balance
$373,829

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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 06, 2024 09:35 am
Listing agent: TRUDY PADILLA (904) 516-8094
Listing provided courtesy of: KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE (904) 797-7442
Details provided by REALMLS and may not match the public record.
MLS ID: #2040206
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Everystate are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers.
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 © 2024 Northeast Florida Multiple Listing Service, Inc. 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 45 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.
$2,055/mo
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