114 Fresnel Ln, Saint Augustine, FL 32095
4 beds · 3 baths · 2,738 sqft
DON'T MISS THIS OPPORTUNITY TO ASSUME A VA LOAN @ 2.25%*restriction apply This stunning home features many high-end upgrades, making it a true standout. The Gourmet Island Kitchen has quartz countertops, stainless steel appliances, undermount lighting with color-changing options, and an enormous walk-in pantry. The kitchen opens seamlessly to the family room, where triple sliding glass doors lead to the screened lanai. This home includes a Ring security system with hardwired cameras for enhanced peace of mind. The covered patio area boasts a state-of-the-art water feature, perfect for relaxing or entertaining. Inside, enjoy the elegance of crown molding, wood-look tile floors, trey ceilings, upgraded lighting, and ceiling fans throughout. Besides the luxurious finishes, this home offers a dedicated office, a laundry room with a sink, a tankless gas water heater, and a water softener for ultimate convenience and comfor Enjoy all that Beacon Lake has to offer, including the newly opened Lakeside Academy K-8 school in the community. AMENITIES: Water sports launch for kayaks and canoes and a Crew House for lake activities,Splash park, junior Olympic pool, fun pool, and sand beach, Fitness center with cardio, strength training, aerobics, spinning bikes, and a fitness studio, Pickleball courts, tennis courts, croquet field, event lawn, multipurpose playing field, and dog park, Culinary studio, demonstration kitchen, private meeting room, card room, and social room, Expansive outdoor seating, dining areas, fire pit, boardwalk, and bike racks for added convenience.
Source: REALMLS #2048089
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2048089
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: #2048089
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