249 WINDERMERE WAY, Saint Augustine, FL 32095
Welcome to 249 Windermere Way, a breathtaking 5-bedroom, 4-bathroom residence in the heart of Saint Augustine. This beautifully designed home offers a spacious open floor plan, perfect for modern living. The large gourmet kitchen features top-of-the-line appliances, ample counter space, and a seamless flow into the living areas, making it ideal for entertaining. The home boasts a convenient first-floor bedroom and bathroom, perfect for guests or multigenerational living. The mudroom off the garage adds a practical touch for keeping your home organized. Upstairs, one of the bedrooms features a private bathroom, while two others share a Jack and Jill bathroom, ensuring everyone has their own space. The large fenced-in backyard offers serene water views, perfect for outdoor relaxation or gatherings. The triple slider doors open up to an extended screened lanai with an outdoor kitchen and TV, making it an ideal spot for grilling and watching sports year-round. Inside, the living room's cozy fireplace invites you to unwind. The primary suite is a true retreat, featuring a large walk-in shower and an expansive walk-in closet. Additional highlights include a 3-car tandem garage, a large media room perfect for family movie nights, a flex room ideal for a home office, a double-entry laundry room, and tall ceilings throughout that add to the sense of space and luxury. As a bonus, all TVs and a Peloton Treadmill will convey with the house, offering added value and convenience. This home is truly a must-see!
You may be able to put down less than the total down payment amount of $417,605 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: #2029600
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