1108 Lake Parke Dr, Saint Johns, FL 32259
4 beds · 3 baths · 2,388 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come see this well cared for 4 bedroom/3 bath home - 4th bedroom is currently being used as an office and can be converted back to a bedroom if needed. All brick ranch in the highly desirable Parkes at JCP. This beautiful home has a separate dining room and spacious formal living room. Home has hardwood and tile floors throughout with carpet in 2 of the bedrooms. The large gathering room has wood-burning fireplace. The kitchen opens to the gathering room features granite countertops and tile backsplash along with stainless steel appliances. The breakfast nook adjoins the kitchen and gathering room. Special luxury touches include 12 foot ceilings in living area and vaulted trey ceiling in master bedroom. Master bedroom includes spacious en suite bath and walk-in closet. Enjoy watching herons, egrets, geese and ducks from the large screened lanai overlooking a beautiful water view. New roof completed in 2017. Wired for generator.
Source: REALMLS #2068944
Source: REALMLS #2068944
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.
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.
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 620, 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.
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