2527 Bottomridge Dr, Orange Park, FL 32065
4 beds · 3 baths · 2,200 sqft sqft
Discover this stunning 4-bedroom, 3-bath home on a large corner cul-de-sac lot. With 2188 sqft of living space, this property may allow you to assume a VA loan at 4.5% using your own VA eligibility. The home features formal living and dining rooms with elegant millwork, freshly painted interiors, and LVP flooring. The family room offers tile flooring, a wood-burning fireplace, and crown molding. Recent updates include a 2024 HVAC system, a 2021 water heater, and a roof and windows only 5 years old. The expansive kitchen is a chef's dream with beautiful wood cabinetry extending to the ceiling, recessed lighting, granite countertops, and stainless steel LG appliances. Enjoy a double oven range, French door refrigerator, stylish tumble stone backsplash, breakfast counter, and pantry closet. The second primary suite features a private full bath and separate exterior entry. Additional highlights include a Nest thermostat, a laundry room with cabinets and shelving, a spacious primary bedroom features a walk-in closet, double vanity, and a walk-in shower with a rain shower head. Additional highlights include a large hall linen closet, a second bedroom used as an office, and a Nest thermostat for smart home convenience. The outdoor space is equally impressive, with a large screened covered patio, two storage sheds, and a fully fenced backyard, perfect for relaxation and entertainment. This property is a perfect blend of comfort and style, ready to welcome you home.
Source: REALMLS #2033112
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2033112
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: #2033112
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