1440 Corunna St, Saint Augustine, FL 32080
3 beds · 3 baths · 2,500 sqft
Embrace the coastal lifestyle in Menendez Park from this distinctive five-bedroom, three-bathroom home, perfectly positioned just a bike ride from the beach in Menendez Park. Nestled on a spacious corner lot under a mature oak canopy and only a block from Anastasia Park with a side-entry two-car garage, this residence seamlessly blends charm, character, and the relaxed essence of beachside living. Step inside to a breathtaking main living area, where soaring 20-foot wood ceilings create an inviting, airy ambiance bathed in natural light. The heart of the home features a warm and welcoming living room anchored by a fireplace, perfect for cool ocean-breeze evenings. A formal dining room offers the ideal space for hosting lively dinners, while the open-concept design flows effortlessly toward a screened porch that stretches across the entire back of the homeyour own private oasis for morning coffee, sunset cocktails, or unwinding to the soothing sounds of nature. The upper level also boasts a serene master suite, a restful retreat designed for relaxation, along with a charming guest bedroom and a full bathroom. Down a spiral staircase, the lower level offers a flexible and private living space with a cozy sitting room, three non-conforming rooms, and another full bathperfect for guests, a home office, or a creative studio. The garage offers an oversized area perfect for a 3rd car, gym or craft area and a place to house all the bikes and beach toys. Surrounded by the salty breeze and just minutes from the shore, this home is an open invitation to embrace a laid-back coastal lifestyle. Whether you're spending the day at the beach, biking through Anastasia State Park, or entertaining under the stars, this property is the perfect place to call home. Not only are you near the beach and Anastasia Park, but you also have The Village Garden Food Truck Park nearby. Anastasia Island offers dining, entertainment, coffee and shopping nearby. Whether you are looking for an investment property (short term rental permissible), a second home or a primary home, this home is ideal. Welcome home!
Source: REALMLS #2075237
Financials
Source: Public records
Source: REALMLS #2075237
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.
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.
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