This is where dreams become a reality! Come home to your own private slice of Florida paradise in breathtaking St. Augustine—America's oldest city. Here, over 460 years of rich Spanish colonial history blend seamlessly with sun-drenched coastal living, cobblestone charm, and endless Atlantic beauty. This meticulously maintained, one-owner gem is a stunning single-story 4-bedrooms, 3-full-bath haven with a coveted three-way split open-concept floor plan. Enjoy a generously sized formal dining room, an enormous family room bathed in natural light, and a sun-filled layout designed for slow, joyful mornings, relaxed evenings, and everything in between. Best of all? Dining, shopping, and top-notch medical care are right around the corner—from charming local eateries and boutique shops to essential healthcare services—all just minutes away for effortless daily living. You also have easy access to everything else St. Augustine has to offer: pristine Atlantic beaches (just a quick minute's drive to dip your toes in the ocean whenever the mood strikes), historic landmarks like the Castillo de San Marcos, vibrant attractions, waterfront dining, artisan galleries, and seamless connections to it all. Step into your backyard oasis: an incredible screened-in, paved lanai that flows effortlessly to a sparkling heated pool and bubbling hot tub, all embraced by serene palm trees and lush greenery. It's your private, bug-free, breezy paradiseperfect for year-round lounging, sunrise coffee on the lanai, sunset dips in the pool, starlit soaks in the jacuzzi, or cozy gatherings with friends and family. Feel the gentle Florida breeze, hear the soothing sounds of the hot tub as the day melts away, and let every moment feel like pure bliss. Picture lazy afternoons floating in the pool, evenings unwinding under the stars in the jacuzzi, or simply curling up on plush outdoor furniture with a good book as your fully fenced backyard stretches out like a living paintingcomplete with your very own fruit trees for fresh-picked treats! Inside, the fully equipped kitchen becomes your happy place: ideal for crafting homemade meals, baking comfort-food favorites, or mixing drinks for those memory-making get-togethers with loved ones. This isn't just a houseit's the cozy, joyful Florida lifestyle you've always dreamed of in the heart of historic St. Augustine. Peaceful mornings filled with birdsong and preserve views, afternoons at the beach or exploring nearby shops and dining, evenings cozying up in the spacious family room or your incredible screened lanai oasis with the people who matter most. St. Augustine living at its finest, warmest, and most inviting. Welcome home!
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.
