One or more photo(s) has been virtually staged. LOCATION, LOCATION, LOCATION - Welcome to this beautifully maintained 2-bedroom pool home in the gated community of Seagate North, just a short walk to the Atlantic Ocean and pristine beaches and only a short drive to historic downtown St. Augustine. A charming front porch with walkway leading to stunning backyard, welcomes you into this inviting home featuring a spacious great room and dining room combination. As you enter, sliding glass doors to the rear lanai and pool create a stunning focal point while filling the space with natural light — seamlessly blending indoor and outdoor living. The kitchen is thoughtfully positioned just off the main living area and features granite countertops, white shaker cabinetry, stainless steel appliances, and abundant cabinet and counter space. A cozy breakfast nook offers the perfect place for morning coffee, while the corner opening to the great room keeps you connected to family and guests during gatherings and everyday living. The primary suite serves as a relaxing retreat with private sliders leading to the lanai and pool area. The en-suite bath features a walk-in shower, garden tub with spa, dual vanities, and a spacious walk-in closet. Step outside to your private outdoor oasis. The expansive covered porch overlooks a sparkling swimming pool enclosed within a large, screened lanai — ideal for year-round enjoyment. A beautiful stone firepit with generous stone seating creates the perfect setting for evening entertaining. The backyard is partially fenced and beautifully landscaped, offering additional privacy and functionality. Transferrable Rhino Shield Ceramic Coating Warranty against exterior chipping, flaking or peeling is included. Garage floor just recently completed with beautiful epoxy as well. This well-cared-for home combines comfort, charm, and exceptional outdoor living — all within a secure gated community with a short walk to the beach! Enjoy the many coffee shops, restaurants and shops within walking distance too! Enjoy St. Augustine and experience its rich history and the culture of downtown. Schedule your showing today! Adjacent to Scenic & Historic Coastal A1A
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.
