11017 Lydia Estates Dr W, Jacksonville, FL 32218
4 beds · 3 baths · 2,779 sqft sqft
Situated on an expansive corner lot, this 2,779-square-foot, 4-bedroom, 3-bathroom brick home radiates classic elegance and functionality in a peaceful, gated community with the playground conveniently located right across the street. The home welcomes you with a beautifully designed circular drive and a discreet side-entry garage, adding both charm and convenience to its curb appeal. Step inside through the front entryway into the formal living room, where abundant natural light highlights the space, with the formal dining room just beyond. This dining area is just steps away from the serene master suite, designed as a private retreat. In the master, you'll find a cozy sitting area warmed by a fireplace, perfect for quiet evenings, and a spa-like en suite bathroom complete with a separate, spacious shower, a jetted soaking tub, and dual split vanities, offering both luxury and functionality. The home's split floor plan places two additional bedrooms and a shared full bath on the opposite side of the main level, ensuring privacy and space for family or guests. Toward the back of the house, a spacious kitchen with a central island invites culinary creativity and opens into a welcoming family room. Here, a stately fireplace and custom built-in bookshelves create an inviting space to gather or unwind. Glass sliders off the kitchen lead to a sun-filled Florida room, seamlessly blending indoor and outdoor livinga perfect spot to enjoy morning coffee or evening relaxation year-round. A staircase off the formal dining room leads to a private upstairs bedroom with an en suite bathroom and custom built-in shelving, ideal for guests, older children, or use as a secluded office. The backyard adds further appeal with a matching shed or workshop, an extension of the home's cohesive brick design, offering practical storage or a dedicated workspace. Located just minutes from the interstate allows you to live away from the hustle and bustle with an easy commute. This home is ideal for the growing family. Welcome!
Source: REALMLS #2054087
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2054087
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: #2054087
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