231 Caminha Rd, Saint Augustine, FL 32084
3 beds · 2 baths · 1,412 sqft
Move in ready. Why wait for construction. Discover your perfect oasis in this stunning three bedroom two bath home located in the well sought after newer Entrada subdivision located just minutes from Saint Augustine and I-95 corridor. The home is a newer home built in 2021 by DR Horton. This beautiful property boasts a spacious open floor plan & modern amenities. Large kitchen with 42 in white cabinets, center island for entraining or food prep area & stainless appliances.Split bedrooms. Home has a fully Vynl fenced in yard with small patio and is walking distance to explore this fantastic neighborhood and its amenities. Two pool areas, pickle ball courts, basket ball courts, play ground, dog park and splash park. The community is close to the new Baptist hospital, new grocery store & close school district. Close to historic St Augustine and its beautiful beaches. Dont miss your chance to live in this vibrant community
Source: REALMLS #2062739
Financials
Source: REALMLS #2062739
Source: Public records
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%. 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.
Other resourcesWhat 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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