*ASSUMABLE 2.5% FHA LOAN* Rare opportunity to assume an existing FHA loan with an incredibly low 2.5% interest rate for qualified buyers--offering the potential for substantial monthly savings compared to today's market rates. In a market where affordability matters more than ever, this feature alone makes this home stand out from the competition. Built in 2020, this upgraded Richmond American Moonstone floor plan offers something increasingly difficult to find in St. Johns County newer construction: space, privacy, flexibility, and no CDD fees. Set on a larger homesite with more room between neighbors, this property delivers the breathing room buyers are searching for without sacrificing modern finishes or convenience. From the moment you arrive, the expanded paver driveway provides parking for up to six vehicles and creates a strong first impression. Inside, the thoughtfully designed floor plan balances open-concept living with everyday functionality including spacious gathering areas, flexible work-from-home space, and room for guests or multi-generational living. The kitchen flows seamlessly into the living and dining spaces, creating an ideal setup for entertaining and everyday living alike. Large windows throughout the home bring in abundant natural light while highlighting the privacy and openness that set this property apart from many newer communities. Step outside to one of the home's standout features: an extended screened lanai and upgraded outdoor living area designed for year-round Florida enjoyment. With outdoor kitchen hookups and additional patio space, the backyard is ready for entertaining, relaxing, and making the most of Florida living. Unlike many nearby new construction communities, this home combines modern construction with the features buyers consistently say they want most: a larger lot, more distance between homes, expanded parking, outdoor living space, and freedom from costly CDD fees. Located in highly sought-after St. Johns County and zoned for top-rated schools including Hickory Creek Elementary, Switzerland Point Middle, and Bartram Trail High School, this home offers a rare blend of affordability, functionality, privacy, and lifestyle that is becoming increasingly hard to find. From the moment you arrive, the expanded paver driveway makes an impression, providing parking for up to six vehicles in addition to the 2-car garage--a rare and highly practical feature for gatherings or multi-driver households. Inside, the layout is designed with flexibility in mind. The downstairs office offers an ideal work-from-home setup, with the potential to easily convert into a true guest suite by adding a shower for a full bath. The open-concept main living area flows seamlessly, creating a space that works just as well for everyday living as it does for entertaining
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.
