362 Cedarstone Way, Saint Augustine, FL 32092
4 beds · 4 baths · 2,796 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully upgraded cul-de-sac home offers year-round staycation vibes with a heated saltwater pool and tranquil water-to-preserve views. The tropical backyard oasis includes extended pavers, a gas fire pit, and a covered Tiki bar with a ceiling fan, beverage chiller, and acacia wood countertops—perfect for entertaining or relaxing. Inside, discover an open floor plan with tray ceilings, crown molding, and wood-look tile floors. The chef's kitchen features a walk-in pantry with etched glass door, double ovens, farmhouse sink, quartz countertops, staggered-height cabinetry, and stainless steel appliances. A spacious multi-gen suite with private entrance offers a full kitchen, living area, bedroom, bath, and access to a private outdoor deck. Every inch of this home is designed for luxury, versatility, and comfort, making it perfect for family living or a personal retreat. Garage freezer and hanging light on lanai do not convey. The exterior of this stunning home features thoughtful upgrades, including added gutters, accent lighting, and quadruple sliders with screens that open fully, creating an ideal space for entertaining. The extended pavers around the pool and Tiki bar area enhance the outdoor living experience, while meticulously designed landscaping adds to the home's curb appeal. Enjoy your own slice of paradise with a variety of thriving Meyer lemon, lime, and kumquat trees, all nestled on one of the community's most desirable lots. As a resident of Trailmark, you'll have access to some of the finest amenities in St. Johns County. This home is truly a must-see!
Source: REALMLS #2063217
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2063217
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
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