1521 Osceola St, Jacksonville, FL 32204
5 beds · 3 baths · 2,456 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming Turn-Key Triplex in the Heart of Riverside! —just minutes from the area's best restaurants, bars, coffee shops, and boutique shopping. This versatile property is perfect for house hacking, investing, or short-term rentals. Qualifies for FHA financing—live in one unit and rent out the others with as little as 3.5% down! The front duplex features eye-catching blue doors and a freshly painted exterior, spacious front porches, and timeless character. The lower unit (1523 Osceola) welcomes you with original hardwood floors, crystal doorknobs, and a light-filled living room. The primary bedroom is warm and inviting, and the kitchen boasts butcher block countertops, original brick accents, and ample prep space. A second bedroom, bathroom, laundry room, and covered back porch complete the layout. The upper unit (1521 Osceola) mirrors the downstairs with the same thoughtful layout, real hardwood floors throughout and offers great rental income potential or flexibility for extended family living. The third unit is a charming detached studio with a single car garage. Walk through the double front doors to the spacious entry with office and laundry space. Upstairs offers a stylish kitchen overlooking the living room, bedroom space and a full bathroom with fun wallpaper, updated lighting, and plenty of closet space. Bonus: This unit comes fully furnished with an accepted offer! With endless possibilities and prime location, this triplex is the investment you've been waiting for. Schedule your private showing today!
Source: REALMLS #2080996
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2080996
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.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
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