114 Montura Dr, Ponte Vedra Beach, FL 32082
4 beds · 4 baths · 3,997 sqft
ASSUMABLE 2.75 MORTGAGE OPPORTUNITY- Step into Luxury! Enter through grand scrolled iron doors into this breathtaking Arthur Rutenberg custom home. The hand-scraped English hickory hardwood floors guide you into an expansive open floor plan, seamlessly blending indoor and outdoor living with large telescoping sliding doors. The stunning covered lanai boasts a tropical pool and hot tub, complete with a built-in summer kitchen featuring a Bull BBQ, infrared rotisserie, refrigerator, and burner. The magnificent kitchen and family room combination showcases soaring beamed ceilings and mitered glass windows that overlook the lanai. The centerpiece is a large island equipped with a wine chiller, ample storage, a six-burner gas stove with a pot filler, a stainless backsplash, and an infrared heat lamp. The luxurious primary wing provides privacy and comfort, featuring a separate office/nursery, a spacious primary bedroom with a poolside sitting area, and two generous walk-in closet The master bath offers a soaking tub, cream Marfil marble counters, Venetian bronze fittings, and a huge walk-in shower. A second downstairs guest suite is conveniently located near the kitchen. For added tranquility, extra insulation is installed between the laundry room and kitchen, as well as under the custom staircase. Upstairs, discover a large loft and balcony, along with two beautifully appointed guest rooms, each with private balconies. Embrace the ultimate Florida lifestyle with a spacious backyard and a garden featuring tropical fruit trees. This home is packed with hidden gems, including a reverse osmosis water system in the kitchen, extra soundproofing insulation, a whole-house surge protector, New HVACS 2024 &2023 and New (2024) tankless gas hot water heater. This property offers easy access to schools, shopping, and Jacksonville, with the beach just minutes away, all within a gated community of only 20 custom homes- all with beautiful tile roofs. Prepare to be amazed! please refer to the documents section in the MLS listing for recent updates. (too many to list in the description)
Source: REALMLS #2078541
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2078541
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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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