1082 Rustic Mill Dr, Saint Augustine, FL 32092
2 beds · 2 baths · 1,499 sqft
Welcome to your dream home in the vibrant 55+ gated community of Reverie at Trailmark! Residents have access to the exclusive Reverie amenities as well as all that Trailmark has to offer! This beautiful residence boasts an abundance of natural light and elegant tile floors throughout. The spacious kitchen is a chef's delight, featuring an extended island with additional cabinetry, soft-close doors and drawers, stunning quartz countertops, and a gas stove—perfect for creating culinary masterpieces. Retreat to the serene Master Bedroom, complete with an ensuite bathroom that offers a luxurious walk-in shower with two niches, a convenient bench, a frameless shower enclosure, a separate water closet, and a generous walk-in closet. The Guest Bedroom and Bathroom are thoughtfully situated away from the main living areas, providing privacy and comfort for everyone. Step outside to your screened lanai and enjoy your morning coffee or an afternoon beverage while overlooking your private... backyard. This home also includes a paver driveway and walkway, Hardie board siding, a tankless gas water heater, gas dryer hookup, gas hookup at the back of the home, a water softener loop, and elegant 8-foot doors. Trailmark amenities include: trails, lap pool, sand volleyball, camp house, gym, and more! Don't miss the opportunity to make this exquisite property your own!
Source: REALMLS #2049522
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2049522
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #2049522
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