3157 PARADOR WAY, Jacksonville, FL 32246
MOVE-IN READY TOWNHOME WITH BRAND NEW HVAC (June 2024)! This stunningly beautiful former Cal Atlantic model home offers the perfect blend of large home living with the carefree ease of a townhome. You can ''Lock It & Leave It'' because the HOA handles lawn care and landscaping. Inside, you'll find over 3,400 sq. ft. of luxury touches such as 12' coffered ceilings, KitchenAid Pro Line appliances, fully integrated entertainment center w/speakers throughout the home, Smart Home controls, Vivint security system, recessed and under cabinet lighting, custom built-ins, and storage galore! The huge 4th BR suite on the 2nd floor offers the perfect layout to accommodate out-of-town guests or multi-gen families who need a little extra space. Terra Costa is central to dining, shopping, work, and play! 4 miles to Jacksonville Beach, a short drive to Naval Station Mayport, Mayo Clinic, St. Johns Town Center, top-rated private and Magnet schools, and the most beautiful nature trails in Northeast Florida. Bells & Whistles? You're in the right place! There's a NuvoH2O Full House Water Softener & Taste Filter, Termite Bond, and all the custom curtains and the mounting hardware for TVs in living room, 4th bedroom, and outdoor patio convey with the home. This home is also fully wired for security; a Control4 Smart Home. There are also recessed speakers and plantation shutters in every room along with tons of built-in storage in all common areas including living room, upstairs and downstairs office spaces, and 4th bedroom. The second floor has another office/flex space and a huge 4th bedroom/flex room with a half bath that can easily be converted to full bath without compromising space. And, just like the 1st floor, there's no shortage of custom storage options.
You may be able to put down less than the total down payment amount of $227,889 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: #2025694
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