PRICE REDUCTION!! Welcome to 414 Oakridge Avenue, a beautifully transformed 3-bedroom, 2-bath concrete-block home on city water and sewer with NO HOA, perfectly positioned on the highly coveted east side of Port St. John. This modern, move-in-ready retreat blends luxury, comfort, and everyday practicality—making it ideal for multi-generational living, working from home, or simply enjoying the Florida lifestyle you’ve been dreaming of. AND here’s the game changer: this home offers a 3.60% VA assumable mortgage, an incredible opportunity for qualified buyers to secure one of the lowest rates available in today’s market! This benefit can translate into significantly lower monthly payments and increased affordability, making this already exceptional home even more irresistible. Step inside and prepare to be impressed! This home features a gorgeous full remodel from top to bottom, showcasing premium 12x60 rectified porcelain tile flooring, newer windows, new A/C (2023), upgraded 200-amp electrical service, updated wiring, modernized plumbing (NO CAST IRON), renovated ductwork, and a tankless water heater for added efficiency. The smartly redesigned layout includes a spacious family room, a separate dining area, and a flexible exercise room or home office—perfect for remote work or accommodating extended family. The chef-inspired kitchen is an absolute showstopper, featuring granite countertops, high-end fixtures, and natural gas cooking—a rarity in the area. Whether prepping everyday meals or hosting gatherings, this kitchen delivers style and performance in equal measure. Retreat to the expanded primary suite with its renovated spa-style bathroom and a newly added walk-in closet, expertly crafted from the former fourth bedroom for maximum comfort and convenience. The guest bathroom has also been beautifully updated with modern finishes and custom tile work. Outdoor living takes center stage with a huge screened-in lanai, perfect for morning coffee, weekend barbecues, or relaxing evenings under the stars. The fully privacy-fenced backyard offers abundant space for a boat, RV, playset, pets, or a cozy fire pit—your own private Florida escape. The property also includes a tiled front porch, new patio extension with reinforced footers for future enclosure, French doors, a new front door, and even a private well for the sprinkler system. Additional upgrades include a natural-gas heating furnace, water softener and kitchen filtration system, extensive plumbing improvements (including sewer cleanout), porch drain installation, and more—every detail thoughtfully designed for comfort, efficiency, and peace of mind. Located just 1 minute to Publix and US-1, 15 minutes to the Space Center, 20 minutes to the beach, and 45 minutes to Orlando International Airport, this home offers unbeatable convenience to work, play, and the best of Florida’s Space Coast. If you’re looking for a beautifully remodeled, move-in-ready home with modern finishes, flexible living spaces, and the rare chance to assume a 3.60% VA mortgage, your search ends here. Don’t miss this exceptional gem in the heart of Port St. John!
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.
