348 ISLAND GREEN DR, Saint Augustine, FL 32092
Live on Vacation in this GORGEOUS POOL HOME! Imagine relaxing in your own backyard oasis with an inviting pool under the sun or the shade of a covered patio (lanai) or the gazebo. This little haven is surrounded by a pavered deck, a lush landscape of green hedges and other plants and the screened enclosure helps keep unwanted pests out. Or feel the serenity from your beautiful living room. Use a remote control to raise or lower the motorized patio door shade. On nice days, open the three-panel sliding patio door to let the pleasant weather in. This 3/2 home with a flex room has a beautifully landscaped yard, a foyer with a tray ceiling, stylish chandelier, and walls that frame and accent your art. Admire the rich architectural accents, generally only seen in a builder's model or a custom home. The open floor plan of the living room combined with the grand kitchen adorned with stainless steel appliances and white plantation shutters. All are ready to prepare a feast for a... family get-together. The owner's suite is a five-star getaway all on its own with a luxurious tray ceiling and a beautiful three-window view of the backyard oasis. The elegant bathroom has a curved glass block and tile shower surround. Feel uniquely rich in this bathroom with its separate his and hers bathroom vanity's. This home feels so luxurious and amazing that you will never want to leave. HOA Fees Include: maintaining the lawn, landscaping, hedges, mulching, community pool, maintaining common areas, and to access to the King and the Bear workout room, pool restaurants and community security services. Buyer is responsible for verifying all information.
You may be able to put down less than the total down payment amount of $271,017 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: #2045384
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