3950 Royal Pines Dr, Orange Park, FL 32065
5 beds · 4 baths · 4,304 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This exquisite 5 bed, 4 bath, 2-story pool home features an expansive 4,298 sf of living space. Nestled on Hole #1 of Eagle Landing Golf Course, its open floorplan is complemented by a glass double front door and Rhino Shield paint. Tile flooring flows through all of the common areas, enhanced by timeless plantation shutters. The chef's kitchen impresses with granite countertops, white cabinetry, crown molding, double ovens, microwave, a walk-in pantry, and a second pantry for storage. Wooden stairs lead to a loft, a gym with screened balcony, and bonus room. The luxurious primary suite boasts a spa-inspired bathroom with garden tub, oversized shower, dual vanities, and dressing room-style closet. The large laundry room adds functionality with a sink and cabinets. Sustainable features include owned solar panels, hybrid water heater, and water softener. Outside, relax in the heated saltwater pool, soak in the gas-heated spa, or enjoy evenings by the firepit, all while taking in in the serene view from the upgraded picture-frame screened porch.
Source: REALMLS #2078112
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2078112
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.