VA ASSUMABLE MORTGAGE - Custom Country Estate with Modern Luxury on 10+ Acres! Built in 2019, this 3-bedroom, 2-bath home with a bonus/flex room offers 2,614 sq ft of thoughtfully designed living space on 10.31 fully fenced acres with cross gates. The land has three separate pastures (0.5 acre, 0.75 acre, and 5.5 acres), making it ideal for animals, recreational equipment, or simply enjoying the wide-open space. The chef's kitchen is the heart of the home, featuring high-end JennAir stainless appliances—including a 6-burner gas stove with convection oven, wall oven/microwave combo, refrigerator/freezer, and dishwasher. Custom cabinetry, luxury quartz countertops, a grand quartz island with copper sink and under-counter fridge, and double walk-in pantries with solid oak shelving bring elegance and functionality together. VA Assumable Mortgage @ 3.12% Buyer to qualify and meet lender requirements. The open layout includes 36" wide, handicap-accessible doorways at key entry points, a flex/office/bonus room with dedicated ventilation if desired for cigar room (never been smoked in), and a luxurious owner's suite with an expansive walk-in closet, custom dressing island, and custom vanity. This home features two electric fireplace, one as the focal point of the living room and the other on the back porch, which also is plumbed and fitted for an outdoor kitchen with gas and water. Additional highlights include spray foam insulation throughout, tankless gas water heater, extensive laundry room, pre-wired ethernet and coaxial connections, and a Sonos sound system in multiple zones. Outside, a 48 x 65 pole barn with a 33' center beam and 16' lean-tos is ready for equipment or RVs, complemented by a matching pump house that is fully insulated with the same spray foam as the house. An additional storage shed fully insulated with same spray foam as house, and Conex container for storage, Generac 22KW Generac generator, 500-gallon LP tank- buried, and a total of 400-amp service with RV hookups (50 & 30 amp). House is equipped with Water Softener and Aerator Tank. The down spouts are buried and connected to an underground drainage system. This home blends comfort and style. Schedule your private showing today before this rare gem is gone!
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 © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
