11703 Magnolia Falls Dr, Jacksonville, FL 32258
5 beds · 3 baths · 3,936 sqft
MOTIVATED SELLER ***HUGE BUYER BONUS of $18,000 to buyers!*** Take it off the price, Buy down your interest rate, use for closing costs or whatever you want! MAKE AN OFFER! This home is MOVE-IN-READY with a BRAND NEW Roof, BRAND NEW heating and air units, ALL NEW SMART HOME security system & thermostat, ALL NEW UPDATED landscaping & even includes a 1 Year Extended Home Warranty! GREAT COMMUNTY & schools are within walking distance! Meticulously maintained nearly 4,000 sq ft home PLUS a massive Florida Rm of approx 300 more additional sq ft! This home really has it all including updated chef's kitchen w/ complete stainless appliance pkg, 42'' cabinets, walk-in pantry, granite counters, big wrap-around breakfast bar & big breakfast nook overlooking large family rm, fireplace & gorgeous wood floors next to an enormous dining rm perfect for large gatherings & dinners. Ground floor guest suite w/ full bath, huge laundry rm and click -- Upstairs, you'll retreat & wake like royalty in your massive owner's suite w/ fireplace & additional living/library/nursey, two walk-in-closets luxury bath, 3 more bedrooms, another full bath, large workstation & a HUGE bonus rm/living rm/play rm/music rm/theater rm! Jump on this before its gone! The guest suite on the main floor with the full bath works great as as an office or an In-law suite or for family members that might struggle with stairs or playroom or whatever you want! Again, this MOTIVATED SELLER is offering HUGE INCENTIVES! It doesn't get any better than this! Book your showing today before it's gone! It doesn't get any better than this! See you at the closing table!
Source: REALMLS #2043009
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2043009
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: #2043009
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