Featured
Featured
49 Thornton Ct, Saint Augustine, FL 32092
6 beds · 5 baths · 3,443 sqft sqft
VETERANS- Rare Assumable VA loan at Roam w/a 2.6% interest rate. Save hundreds monthly while living in one of St Johns County's newest Master-Planned Communities Silverleaf! Discover unparalleled modern living in this state-of-the-art 6bed/5bath smart home, boasting upgrades over $200K. Step outside to your new heated saltwater pool w/a sun deck & spa, equipped with top-of-the-line Pentair equipment. Relax in the screened-off lanai watching TV. The high-speed fiber optic Wi-Fi network provides wire-free connection. High-end Alarm system w/front video doorbell & intercom, front door lock & motion security cameras covering all critical areas for comprehensive protection controlled via mobile devices. The 3-car garage features 2 NEMA chargers for electric vehicles. Back inside, there's a place for everyone in this stunning open floorplan for spending time together yet provides privacy w/a 5-way split bedroom layout featuring tile & LPV flooring throughout & wood stairs headin The heart of the home has a large island w/seating, 5 burner gas stove top, quartz counters, white & grey cabinets and custom pantry enhancing kitchen functionality, while the water softener keeps those pesky water spots away. The main space of the home features a large open area including the kitchen, great room and dining area. The first-floor primary suite has a large walk-through shower with two shower heads, soaking tub, double sinks & two ample custom closets. The three secondary bedrooms/2 full baths are on 1st and 2 bedrooms/2 full baths are upstairs with the bonus room. The 6th bedroom offers an ensuite bathroom and is currently being used as an office. Are you ready to experience the ultimate convenience with innovative features, making this home the perfect blend of luxury, technology, and comfort?
Source: REALMLS #2038183
You may be able to put down less than the total down payment amount of $458,780 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2038183
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #2038183
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 © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
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