3247 HICKORYNUT ST, Jacksonville, FL 32208
Are you looking for the perfect combination of convenience and peacefulness in your next home? Look no further than this renovated ranch home nestled in the neighborhood of Ribault Hills. When you enter the home, you will be greeted by a generous and inviting living room, perfect for entertaining guests or unwinding after a long day. The renovated interior boasts 3 bedrooms and 2 bathrooms, providing ample space for you and your loved ones. With over 1,000 square feet of living space, this home is ideal for those looking for a comfortable and functional layout. But it's not just the interior that makes this property stand out. Step outside through the back door and you will be amazed by the expansive 1/2 acre property. Imagine hosting barbecues on a warm summer day while the kids run around and play in the yard. This home truly has the perfect balance of tranquility and convenience that any buyer would desire. One of the highlights of this home is its prime location. Just 15 minutes away, you will find the River City Market Place which offers a variety of shopping and dining options. In addition, you are only a short drive away from the bustling downtown Jacksonville area, where you can indulge in the city's vibrant culture and entertainment scene. And for those who love sports, you will be pleased to know that the Jaguar stadium, entertainment venues, and museums are all just minutes away. Convenience is key when it comes to this neighborhood. Need to catch an early flight? No problem, as the airport is just 20 minutes away. Whether you want to explore the city or travel for work, this location makes it all possible. Don't miss the opportunity to make this home yours. With its charming and tranquil neighborhood and prime location this home is truly a gem. So why wait? Schedule a viewing today and see for yourself why this is the ideal home for anyone looking for the perfect balance of comfort and convenience.
You may be able to put down less than the total down payment amount of $16,066 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: #2045128
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