32072 Primrose Parke Way, Fernandina Beach, FL 32034
4 beds · 3 baths · 2,453 sqft
Love where you live! Minutes from the beaches, shopping and dining venues of downtown Fernandina Beach and Amelia Island, this is your chance to own an upgraded, move in ready home in the sought after Flora Parke community with NO CDD fees! From the chef's kitchen, featuring a dual fuel Dacor stove, stainless steel range hood, granite countertops, 42'' wood cabinets with crown moulding, customized walk-in pantry, updated tile backsplash, to the new luxury LVP flooring, this home has it all! The owner's suite guarantees privacy with the split bedroom design, along with a luxurious spa like ensuite featuring soaker tub & separate walk-in shower. Outside you will find pavered front and back porches, with an extended back pavered space leading to a tranquil fire pit area (bowl does not convey) overlooking the beautiful, wooded preserve. There's too much to share here, come see for yourself! Seller is offering 3% in concession to buyer with and acceptable offer.
Source: REALMLS #2066036
Source: REALMLS #2066036
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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