Welcome home to this beautifully updated 1961 mid-century gem in the heart of Lake Lucina! Sitting on a spacious corner lot with mature oak trees, this 3-bed, 2-bath + office concrete block home perfectly keeps its classic character with modern updates. Step inside to discover refinished original hardwood floors, fresh interior and exterior paint, and a thoughtfully updated kitchen featuring painted cabinets, granite countertops, stylish backsplash, and all appliances included. Updates include new carpets, ceiling fans, a custom office built-in, and smart home features like Google Nest thermostat and doorbell. Enjoy Florida living on your brand-new backyard deck, complete with a new privacy fence and RainBird sprinkler system fed by well water. Additional highlights include a water softener, refinished doors, updated guest bathroom, and a garage with extra refrigerator, workspace, and shelving. Located with easy access to I-95, shopping, restaurants and downtown or the beaches. 2025-2026 Updates: New privacy fence (2025) New carpeting throughout (2025) New ceiling fans (2025) Refinished front and back doors (2025) Motion sensor light near washer/dryer (2025) New kitchen light fixture (2026) 2022-2024 Updates: Water softener installed (2022) Fresh interior paint (2022, 2023) Google Nest thermostat and doorbell (2022, 2023) Kitchen cabinets professionally painted (2023) Exterior paint - full house (2024) Old deck removed, new deck installed (2024) Custom office built-in (2024) Previous Owner Updates: Kitchen granite countertops and backsplash Guest bathroom renovation Electrical service to shed Original hardwood floors professionally refinished Window tinting throughout Included with the home: All kitchen appliances (refrigerator, range, dishwasher, microwave) Washer and dryer Garage refrigerator Work table and garage shelving Shoe rack Google Nest thermostat and doorbell SPECIAL FEATURES RainBird irrigation system (well water - no city water bill for lawn!) Original decorative tile in window sills Original tile flooring in primary bathroom Concrete block construction Corner lot with mature landscaping Covered carport Storage shed with electricity Tinted windows for energy efficiency
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.
