VA loan
1 of 42
VA loan
$235,000

1701 The Greens Way Apt 1532 # 1532, Jacksonville Beach, FL 32250

1 beds · 1 baths · 842 sqft sqft

Price Adjustment for Condo with Garage! Welcome to one of the most desirable Condo communities in Jacksonville beach-The Palms at Marsh Landing. This third-floor condominium, offers a sense of privacy, with no one above and the convenience and comfort of private garage parking. Upon entering, you'll be impressed by the soaring vaulted ceilings, abundant natural light from the numerous windows. The floor plan is designed for comfortable living and entertaining. The great room and dining area seamlessly connect to a spacious kitchen, well-equipped with ample cabinetry, generous counter space, a large pantry, and double sinks and disposal. The great room is further enhanced by a cozy fireplace, and the easy-to-maintain tile flooring extends throughout all the living areas. A private screened porch with a storage closet overlooks a serene Marsh landscape and tree canopy, providing an ideal spot for relaxation with a view! Plan viewing for yourself today to make it your own! The generously sized bedroom features brand-new carpeting, dual closets (including a walk-in), and direct access to a well-appointed bathroom. The bathroom has been updated with a new commode, fresh tile in the tub/shower, and a stylish framed mirror. This home is truly move-in ready, with fresh paint throughout, a serviced HVAC system, water heater, updated kitchen and bathroom hardware, and sliding dimmers. Located just a short bike ride from the beach, and in close proximity to JTB, shopping, and dining, The Palms at Marsh Landing also offers exceptional amenities, including two beautiful pools, a clubhouse, tennis court and a fitness center. It also offer RV / Boat storage and Car wash station. This property offers an exceptional opportunity to enjoy Jax beach living in one of the area's most sought-after condo communities.

Interest rate 3
4%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$273
With Roam
$358
Reduce your monthly payments by $84 when you assume this mortgage.
You also save $23,021 in total interest paid.

$186,280
Edit

You may be able to put down less than the total down payment amount of $186,280 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
842 sqft
Lot size
0.03 acres
Year built
1995
Type
Condominium

Source: REALMLS #2043351

Loan
Remaining term
22 years, 7 months
Rate
4%
Monthly P&I
$273
Remaining loan balance
$48,719

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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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Last updated: Nov 21, 2024 11:25 am
Listing agent: JOHN BAYER (850) 485-0229
Listing provided courtesy of: COLDWELL BANKER VANGUARD REALTY (904) 285-5000
Details provided by REALMLS and may not match the public record.
MLS ID: #2043351
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Everystate are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers.
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 © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$273/mo
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