2504 Lundy Rd, Palatka, FL 32177
3 beds · 3 baths · 2,502 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming 3-Bedroom Home with Bonus Room on a Beautiful Wooded Lot - Prime Palatka Location! Welcome to this stunning 3-bedroom, 3-bathroom home with a versatile bonus room, nestled on a gorgeous wooded lot that provides both shade and privacy. This two-story home offers a primary suite on the main floor, while two additional bedrooms and the spacious bonus room are upstairs—perfect for guests, a home office, or a playroom. The kitchen features a breakfast bar and nook, perfect for casual meals, while the formal dining room offers an elegant space for hosting family and friends. The large family room is perfect for gatherings, offering ample space for relaxation and entertaining. Outdoor living is a dream with the expansive screened-in back porch, perfect for enjoying the peaceful surroundings. The home also features a two-car attached garage plus a detached 20x20 one-car garage, providing ample space for storage, a workshop, or hobby space. With its long and wide driveway, there's plenty of room for parking and easy access. Located in the heart of Palatka, this home is just minutes from the St. Johns River, offering endless opportunities for boating, fishing, and waterfront dining. Enjoy nearby Palatka Golf Club, a historic and scenic course for golf enthusiasts, or take a quick drive to downtown Palatka, where you'll find charming shops, local restaurants, and community events. This home combines comfort, convenience, and a fantastic locationschedule your showing today! All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Source: REALMLS #2070390
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2070390
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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 © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.