Set within the prestigious Palencia community and positioned on one of the largest homesites in the neighborhood, this exceptional estate rests on a rare 1.1-acre lot, offering an unparalleled blend of luxury, privacy, and flexibility. With 6 bedrooms and 5 bathrooms, the residence is thoughtfully designed to support true multigenerational living, providing space, separation, and comfort for every stage of life. A defining feature of the home is the fully redesigned in-law suite, intentionally crafted to function as an independent living space while remaining seamlessly connected to the main residence. This private retreat includes an architect-designed double-pane sliding glass door with integrated blinds and screen, sound-barrier doors, a spa-inspired bathroom with deep soaking tub and pocket door, upgraded appliances, dedicated washer and dryer, additional storage, enhanced insulation, and its own paver patio. Every detail supports privacy, comfort, and long-term livab an architect-designed double-pane sliding glass door with integrated blinds and screen, sound-barrier doors, a spa-inspired bathroom with deep soaking tub and pocket door, upgraded appliances, dedicated washer and dryer, additional storage, enhanced insulation, and its own paver patio. Every detail supports privacy, comfort, and long-term livability for extended family or guests. The main living areas open to a resort-style outdoor sanctuary, anchored by a heated saltwater pool and spa with wireless controls. Expanded patios, upgraded irrigation with additional zones, a private well, mature palm trees, blooming butterfly gardens, and extensive fencing create a serene, estate-like setting ideal for entertaining or everyday enjoyment. The expansive acreage allows for meaningful separation between living spaces while preserving a cohesive, peaceful flow throughout the property. Inside the main home, notable upgrades include a water softener, upgraded washer and dryer, custom understair storage, enhanced climate control with upgraded thermostats and added vents, new carpet, fresh interior and exterior paint, duct cleaning, and substantial garage improvements including a new door and system. Added insulation in the garage and attic enhances comfort and energy efficiency year-round. Residents of Palencia enjoy access to a master-planned community known for its championship Arthur Hills golf course, clubhouse and dining, tennis and pickleball courts, fitness center, miles of scenic trails, parks, playgrounds, and a vibrant calendar of social eventsall just minutes from historic downtown St. Augustine and a short drive to area beaches. Designed for evolving lifestyles, this 6-bedroom, 5-bath home offers the rare ability to accommodate multiple generations, extended stays, or flexible living arrangements while enjoying the privacy and prestige of one of Northeast Florida's most sought-after communities. This is more than a homeit's a thoughtfully curated Palencia lifestyle, elevated by space, design, and multigenerational versatility.
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.
