Stop the search! 206 Brackenfern Way is the beauty you've been waiting for! Located in The Meadows subdivision in Kingsland, this well-maintained 3-bedroom, 2-bath home offers a great layout, inviting updates, and outdoor spaces you'll love! From the moment you arrive, the covered front porch gives you a cozy place to sit, relax, and enjoy the neighborhood. Inside, you'll find a bright living room with vaulted ceilings, updated wood-look flooring, and a comfortable flow into the dining area and kitchen. The kitchen features white cabinetry, stainless steel appliances, a stylish tile backsplash, and plenty of counter and cabinet space for everyday cooking, meal prep, and hosting, plus a charming dining area with built-in window seating. The owner's suite offers a relaxing place to unwind with updated flooring, a barn door entry to the private bath, a walk-in closet, and a beautifully updated bathroom featuring dual vanities and a tiled walk-in shower. The two additional bedrooms offer flexible space for guests, an office, hobbies, or whatever best fits your needs, and the full guest bath adds a stylish touch with gold fixtures, an updated vanity, and a tub/shower combo. Out back, you'll find a fenced backyard, screened lanai with outdoor sink/prep space, fire pit area, storage shed, and additional covered storage. Whether you love grilling, relaxing outside, gardening, or simply having extra room to spread out, this backyard gives you options. This home also includes an attached garage, indoor laundry area, public water and sewer, and a convenient Kingsland location near schools, shopping, dining, Kings Bay Naval Base, and I-95. Fresh, comfortable, and full of charm, this one is ready for its next owner! Grab your favorite local realtor and schedule your appointment today!
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.
