Located in the gated Margarets Walk at Fleming Island community, this 5-bedroom, 4-bathroom pool home offers 3,159 square feet of living space, a flexible floor plan, and valuable updates including a 2018 roof and new interior paint. Built in 2000, the home combines spacious gathering areas, private retreats, and inviting outdoor living spaces designed for everyday comfort and entertaining. The floor plan includes formal living and dining rooms, a dedicated office with a closet, and a spacious family room that serves as the heart of the home. The family room features carved wood flooring, a gas fireplace, custom built-ins on both sides, and numerous windows that bring in abundant natural light. Tile flooring extends throughout much of the main living areas, creating a bright and cohesive feel. The primary suite offers wood flooring, a large double closet with additional storage, and a spacious bathroom with separate vanities positioned on either side of a soaking tub and a walk-in shower. Bedrooms two and three share a Jack-and-Jill bathroom, while the nearby pool bath adds convenience for guests and outdoor entertaining. Upstairs, a private bedroom and full bath with wood flooring and a tub/shower combination create an ideal guest suite or flexible living space. The kitchen is designed for both daily living and entertaining with granite countertops, a 5 burner gas cooktop, double convection ovens, a new Samsung refrigerator, 42-inch upper cabinets with decorative accents, blonde cabinetry, tile flooring, and a casual eat-in dining area. Outdoor living is a standout feature of this property. The fenced backyard includes an in-ground pool with built-in stools, paver decking, mature landscaping, colorful flowering beds, and a beautifully maintained lawn. The screened porch with tile flooring provides additional space for dining, relaxing, or enjoying views of the backyard and pool area throughout the year. The stucco exterior with stone accents enhances curb appeal, while the oversized 2-car garage includes built-in cabinetry for storage and organization. With a gated neighborhood setting, new interior paint, a 2018 roof, dedicated office, private guest accommodations, and a resort-style backyard, this Fleming Island home offers the space, functionality, and updates buyers frequently search for in today's market.
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.
