362 Cedarstone Way, Saint Augustine, FL 32092
4 beds · 4 baths · 2,796 sqft sqft
**OPEN HOUSE SATURDAY 11/23 from 2-5pm!** You'll say YES to this gorgeous, fully upgraded home on a cul-de-sac lot featuring a heated, salt water pool overlooking tranquil water to preserve views. The backyard is a tropical oasis, complete with extended pavers, gas fire pit, covered Tiki bar with a fan, beverage chiller & beautiful acacia wood counter tops. The inside is just as delightful with trey ceilings, crown moldings, wood look tile floors, upgraded lighting & a terrific floor plan that serves as a multi-gen home with it's own private entrance! The kitchen has a walk in pantry with an etched glass pantry door, double ovens, elegant quartz tops, staggered height cabinets, pendants, recessed lighting, backsplash, a large center island & SS appliances. The formal dining room could be turned into a 5th bedroom. The multi-gen suite has an added island with extra cabinets in the kitchen, a living area, bedroom with a full bath & a slider leading to the private outdoor deck! The exterior has added gutters, accent lighting, quadruple sliders with screens that open all the way for optimum entertaining, extended pavers in the pool and tiki bar area and thoughtful landscaping all around. You'll have a slice of Heaven with several producing Meyers lemon, lime and kumquat trees situated on one of the nicest lots in the Community. You'll LOVE getting to experience some of the best amenities that St. Johns County has to offer in Trailmark! THIS HOME IS A MUST SEE!!!
Source: REALMLS #2029824
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2029824
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
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.
MLS ID: #2029824
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