Nestled among mature oak trees along Borrell Creek with panoramic river views, this architecturally distinctive contemporary home offers a light filled interior, multi level design, and exceptional outdoor living. A vaulted front porch with skylight welcomes you through double entry doors framed by angled contemporary windows that bring natural light into the foyer. The main living areas feature vaulted ceilings with exposed beams, wood floors, and tall windows with triangular transoms that enhance the home's architectural character. The living room is anchored by a fireplace with marble surround and wood mantle, while the dining room's bay window overlooks the deck, pool, marsh, dock, and river beyond. The kitchen offers custom cabinetry with stained wood lowers and white upper cabinets, floating wood shelves, rustic tile backsplash, and unique granite countertops. A large island includes a smooth top cooktop, and KitchenAid black stainless double wall ovens complete the space. The breakfast nook features vaulted ceilings, skylights, a plant ledge, and bay window seating with eastern views toward the pool and river. Just a half flight of stairs down, the family room provides additional living space with luxury vinyl plank flooring, a wood burning fireplace with stone surround, built in cabinetry, and a wet bar. This level also includes a bedroom with built in window seating and storage, a beautifully updated guest bathroom with marble vanity and custom tile shower, a spacious laundry and mudroom with utility sink and cabinetry, and access to the side entry two car garage. Upstairs are two additional bedrooms, one with built in seating the other with a double closet. They both share a bathroom with subway tile tub surround and coastal inspired vanity. The private primary suite includes tray ceiling, recessed lighting, and a picture window with built in seating overlooking the pool, deck, marsh, and river. A short staircase leads to the primary bathroom with vaulted ceilings, double quartz vanities, a deep soaking tub positioned beneath a window with river views inside a wet room style shower, water closet, and walk in closet. Outdoor living is designed for entertaining with a large multi level deck accessible from the kitchen and family room, offering space for grilling, gathering, and relaxing beside the pool and hot tub. The shaded backyard includes mature landscaping, citrus trees, azaleas, and a fire pit area. A boardwalk extends across the salt marsh to a covered dock and floating dock on Borrell Creek with access to the river and expansive views toward Florida. Enjoy peaceful sunrises from the dock and sunset views looking back toward the home. Located in an established St. Marys neighborhood just minutes from Kings Bay Naval Submarine Base, historic downtown St. Marys, Kingsland, and I-95. The neighborhood offers low HOA dues and access to a private community boat ramp.
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.
