Your Mandarin Dream Home | Perfect for Growing Families & First-Time Buyers Welcome to this warm, inviting, and completely move-in-ready home where classic charm meets modern convenience. Nestled in Pickwick Park--one of Mandarin's most established and friendly neighborhoods--this property offers the perfect backdrop for making lifelong family memories. Parents will love the unbeatable location, just a short walk to the beautiful community park, and a quick drive to top-tier shopping at St. Johns Town Center, downtown, and excellent local schools. Total peace of mind is built right in for your family: the home features a new roof (2022), a reliable A/C system (2018), and 3 fully completed pre-sale inspections available to make your buying process smooth and stress-free. Space to Grow & Gather Together: · The Heart of the Home Kitchen: A beautifully updated, open culinary space featuring premium finishes, brand-new smart appliances (stove and microwave), a brand-new dishwasher, and Space to Grow & Gather Together cont'd · a newer refrigerator. This central hub is perfect for busy breakfast rushes and easy family taco nights. · Sunlit Multi-Purpose Room: Located just off the kitchen for easy serving, this stunning enclosed four-season sunroom with double patio doors is an entertainer's dream. The flexible space transitions seamlessly from a "family entertainment" hub for movie nights to a sunny playroom, or even an elegant sun-drenched dining room for family brunches and holiday celebrations. · Kid & Pet-Friendly Flooring: Beautifully refreshed with brand-new Luxury Vinyl Plank (LVP) flooring in high-traffic areas--offering exceptional resistance to spills, temperature fluctuations, and heavy foot traffic--alongside flawless original hardwood floors and a fresh, neutral paint palette. · Cozy Family Living: Formal spaces flow naturally into a grand family room, anchored by a cozy wood-burning fireplace and custom built-in bookshelves--ideal for movie nights, story time, and displaying treasured photos. · Relaxing Bathrooms: Fully remodeled baths, including a spacious primary suite featuring customized dual vanities and a beautifully tiled, glass-enclosed shower to help parents unwind at the end of the day. The Ultimate Backyard Oasis · Sprawling Family Deck: A newly built, over-sized entertainment deck designed for weekend barbecues, birthday parties, and relaxing outdoors while watching the kids play. · Safe, Fully Fenced Yard: An expansive, secure backyard with tons of room for a swing set, pets to run free, or a future pool! It features a new gazebo wired with electrical outlets, ready for your outdoor media setup. · Extra Storage Space: A handy detached storage building easily holds bikes, lawn tools, and sports equipment, keeping your main home organized and clutter-free.
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.
