198 Patina Pl, Saint Augustine, FL 32092
5 beds · 3 baths · 2,714 sqft
Step into this stunning, unique alley-load home, perfectly perched on a corner lot with a picturesque front porch that offers serene lake views. This Duvall floor plan from Dreamfinders is designed for modern living with a touch of luxury. The gourmet kitchen is a chef's dream, featuring white shaker cabinets with crown molding, a gas stove top, oven-microwave combo, and a spacious pantry closet. Perfect for entertaining or a cozy family dinner, this kitchen is where memories are made. The front bedroom is versatile and can easily double as a home office, with a full bath conveniently located just next door. Head upstairs to discover a cozy loft, ideal for a TV room, and an oversized laundry room that makes chores a breeze. Retreat to the oversized master bedroom, your personal sanctuary, complete with an en suite bathroom featuring a double vanity with marble counters, a huge walk-in closet, and a walk-in shower with a glass enclosure and tile that reaches the ceiling. Bedrooms 2 and 3 both boast walk-in closets, while the full bath upstairs offers a double vanity and a tub/shower combo. Outdoor living is just as inviting with a gas stub ready for your outdoor kitchen and gas grill, perfect for weekend barbecues. Plus, enjoy peace of mind with security cameras already installed and ready to convey to the new owners. Trailmark offers an unparalleled lifestyle with amenities like impressive oak tree hammocks, winding nature trails, a state-of-the-art fitness center, a lagoon-style pool with a free-form design and zero entry, a pavilion, and a kayak launch along Six Mile Creek. Just minutes from historic downtown St. Augustine, top-rated St. Johns County schools, fantastic shopping, dining, and world-class golf courses, this home truly has it all. Don't hesitate to reach out and schedule your showing today!
Source: REALMLS #2044413
Financials
Source: Public records
Source: REALMLS #2044413
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.
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.
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