1642 5TH AVE N, Jacksonville Beach, FL 32250
New price, bring us your offers today. This delightful custom home, built in 2016, offers the perfect blend of modern comfort and coastal living. With 2,996 square feet of living space, this three-bedroom, two-and-a-half-bathroom house is a haven for those seeking quality and convenience. Imagine pedaling your way to the beach, feeling the salty breeze on your face as you embark on your daily adventures. This home's prime location allows you to embrace the laid-back beach lifestyle while enjoying the perks of a well-established neighborhood. Step inside, and you'll find a thoughtfully designed layout that caters to your every need. The primary bedroom and bathroom are conveniently located on the ground floor, offering easy accessibility and privacy. Upstairs, two additional bedrooms provide ample space for family or guests. One of the standout features of this property is its large screened patio, perfect for sipping your morning coffee or hosting evening gatherings. The fenced yard adds an extra layer of privacy and security, ideal for furry friends or little ones to play safely. Culinary enthusiasts will appreciate the walk-in pantry, offering abundant storage for all your gourmet ingredients. And speaking of storage, this home boasts tons of closet space, ensuring a clutter-free living environment. Car enthusiasts will love the epoxy garage floor, adding a touch of sophistication to your parking space. The 50-amp plug is a convenient addition for those with a RV. Set on a generously sized lot, this property offers room to grow and create your own outdoor oasis. With its quality construction and attention to detail, this home is ready to welcome you to the vibrant Jacksonville Beach community. Don't miss your chance to make this coastal dream a reality!
You may be able to put down less than the total down payment amount of $432,589 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #2036981
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