Up to $3,500 closing credit available through the preferred lender. Welcome to one of the best water-view homes in St. Augustine Lakes, located in highly desirable St. Johns County near St. Augustine, Florida. With builder inventory now sold out, this move-in ready home offers a rare opportunity to own a premium pond-view lot. This beautifully maintained 4-bedroom home with dedicated office/flex space features a modern open floor plan, ideal for today's lifestyle. The bright, neutral interior creates a clean and welcoming feel throughout the main living areas, making the home perfect for everyday living, entertaining guests, or working from home. The spacious kitchen flows seamlessly into the living and dining areas, creating the open concept layout that buyers are searching for in today's market. Large windows bring in natural light and frame the peaceful water views, giving the home a calm and relaxing atmosphere. Step outside and enjoy the covered, screened lanai with expansive pond views from your backyard, providing privacy and a scenic setting for morning coffee, evening sunsets, or outdoor gatherings. Additional standout features include: 4 spacious bedrooms plus a dedicated office or flex room Open concept living space with modern layout Beautiful pond and water views from the backyard Like-new condition with meticulous maintenance Located in St. Johns County with highly rated schools Convenient access to St. Augustine, Jacksonville, shopping, dining, and beaches Buyers may also benefit from a 5.25% assumable mortgage (subject to lender approval), which could provide significant long-term savings compared to today's interest rates. Or, buyers using the preferred lender may receive up to $3,500 in closing cost credits, helping reduce out-of-pocket expenses at closing. With sold-out new construction, premium water views, flexible living space, and move-in ready condition, this St. Augustine Lakes home offers a combination of features that is increasingly hard to find. Schedule your showing today.
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.
