1846 Silver St, Jacksonville, FL 32206
3 beds · 3 baths · 2,292 sqft sqft
Welcome to your dream family home in the heart of historic Springfield! This stunning single-family residence, with its 3 cozy bedrooms and 2.5 updated bathrooms, invites you into a world where history and modernity blend to create an enchanting living space. As you step inside, you'll be captivated by the home's historical essence, reflected in the original pocket doors and the warmth of the restored hardwood floors. The centerpiece of the living room is a beautiful brick fireplace, perfect for family gatherings on cool evenings. The updated kitchen, boasting sleek granite countertops and chic cabinetry, spills into a sun-drenched dining area that's just waiting to host your next dinner party. The living room boasts a stunning brick fireplace, creating an ideal setting for cozy gatherings on cool evenings. The updated kitchen, featuring sleek granite countertops and chic cabinetry, seamlessly flows into a sunlit dining area - perfect for entertaining friends and family. Located in the vibrant Springfield neighborhood, you'll find yourself just minutes from local parks, trendy cafes, and unique shops. Enjoy easy access to downtown Jacksonville, where you can explore the Riverwalk, cultural venues, and a variety of dining options. With a recently installed new AC unit, a roof in excellent condition, and a termite bond for your peace of mind, this home is truly move-in ready. Don't miss the opportunity to own this captivating blend of history and modern convenience!
Source: REALMLS #2051403
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2051403
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: #2051403
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