THE ORTEGA plan by RIVERSIDE HOMES, with a VA ASSUMABLE LOAN*, showcases exceptional design, craftsmanship, and comfort throughout. This 4 BED, 3 BATH 3 CAR home in Amelia Walk features a three-way split floor plan for privacy and functionality, highlighted by 14 ft TRAY CEILINGS in the foyer and main living area, 12 ft TRAY CEILING IN PRIMARY bedroom, and designer finishes that elevate every space. The Chef's Kitchen is a true centerpiece, featuring VIATERA FORTE QUARTZ COUNTERS, COSTA CLARA TILE backsplash, FRIGIDAIRE Gallery appliances, a SHARP MICROWAVE drawer, CEILING HEIGHT SHAKER CABINETRY, and a walk-in pantry. AN 8 ft ISLAND WITH PENDANT LIGHTING and dining area creates a seamless flow for everyday living. Upgraded details are found throughout, including 5 INCH BASEBOARDS, CROWN MOLDING in main living areas, UPGRADED LIGHTING, and decorative wall molding in the Bedroom. The FLEX ROOM has been transformed and is being used as an expansive primary closet. The OWNERS SUITE features a SITTING AREA, a SPA STYLE BATH with a FREE STANDING SOAKING TUB, SEAMLESS GLASS SHOWER with FLOOR-TO-CEILING TILE, and elevated finishes that create a serene retreat. Secondary bathrooms feature tile extended to the ceiling for a polished, cohesive look. Outdoor living impresses with a LATHAM INGROUND fiberglass HEATED SALTWATER LUXURY SPA, EXPANDED VIEW SCREEN ENCLOSURE, and MARBLE DECKING, speakers and tv mount, surrounded by privacy landscaping and a fully FENCED YARD. Enjoy peaceful mornings or evenings on the EXTENDED FRONT PORCH enhanced by updated carriage-style lighting. Additional highlights include SOUND AND SECURITY WIRING, 2" FAUX WOOD BLINDS, ELECTRIC BLINDS ON SLIDERS, CABINETRY in a large LAUNDRY ROOM, and PRE-WIRED FOR a GENERATOR, all contributing to both luxury and practicality. Located on a CUL-DE-SAC ADJACENT TO GREEN SPACE, this home offers the ideal blend of comfort and connection. Residents of Amelia Walk enjoy resort-style amenities including a clubhouse, fitness center, community pool, tennis courts, and playground. Just minutes from Amelia Island's pristine beaches, Fernandina Beach Historic Downtown, local restaurants, shops, and golf courses, and within easy reach of Jacksonville International Airport, this property delivers the best of Northeast Florida coastal living with convenience and sophistication. The Ortega by Riverside Homes, a home that reflects exceptional design, enduring quality, and a refined coastal lifestyle. *VA assumable loan (available to eligible VA buyers only)
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.
