485 OXFORD ESTATES WAY, Saint Johns, FL 32259
Discover a home that truly surpasses new construction! Step into a home where elegance meets comfort, nestled on a serene wide preserve lot that offers a peaceful retreat from the everyday hustle. Imagine starting your day in a chef's kitchen, where you can create culinary masterpieces while staying connected to what's happening throughout the home and in the backyard. Spend your evenings on the expansive 40ft long lanai, a perfect outdoor living space designed for relaxation and entertainment, all while taking in the stunning natural surroundings. This 4 bed/3 bath/3 garage David Weekley home has been thoughtfully enhanced with stone countertops, stainless hood, tankless water heater, water softener, 5-zone sprinkler system, whole home gutters, epoxy garage floors and wall organizers, exterior lighting, and Habitech security system, ensuring both luxury and peace of mind. The open floor plan and large windows provide natural light and beautiful views from every room. This home also offers the practicality of extra garage space, a drop zone area, extra large walk-in closets, large laundry room with folding zone, and a beautifully fenced yard that's peaceful and private. Located in gated Oxford Estates, which offers a beautiful community clubhouse and pool area, plus extremely low HOA fees and no CDD fees. With top-rated schools just around the corner, this move-in ready home is not just a place to live, it's a lifestyle waiting to be embraced. Don't miss your chance to experience this exceptionally maintained property; schedule your viewing today and see for yourself what makes this home truly special.
You may be able to put down less than the total down payment amount of $366,364 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: #2042439
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