162 Cape May Ave, Ponte Vedra, FL 32081
4 beds · 3 baths · 2,497 sqft sqft
Now's your chance! Back on the market due to no fault of sellers. ** Assumable 3.75% VA loan available to military personnel who qualify. Must use their own COE and provide POF with offer ** Guard Gated Coastal Oaks at Nocatee! This 4 bed, 3 bath plus dining room home features hardwood flooring throughout the main living areas and primary with brand new carpet with life proof 1/2 inch thick padding in addt'l 3 bedrooms for ultimate comfort. All new interior paint! Kitchenaid stainless steel dishwasher replaced May 2024, coordinating refrigerator 2023, wall oven and micro replaced 2020. Enjoy the privacy and peacefulness of the preserve on the extended screened lanai or host a BBQ on the built in summer kitchen featuring a DCS natural gas grill with rotisserie and separate cooktop. Located within walking distance to the Coastal Oaks Resident's Club with two swimming pools, fitness center, playing fields, tennis courts and playground. This home is the epitome of the Nocatee Lifestyl In addition to the private Coastal Oaks amenities, you also can enjoy Nocatee's Splash and Spray Waterparks, Nocatee Landing Paddle and Kayak Launch, Greenway Trails and Community Events including farmer's markets, holiday extravaganzas, comedy shows, wine and beer tasting nights, doggie meet ups, and more. All of this is a short cart or car ride away!
Source: REALMLS #2038606
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2038606
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: #2038606
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