63 CANOPY OAK LN, Ponte Vedra, FL 32081
Welcome to 63 Canopy Oak Lane, a charming residence nestled in the heart of Ponte Vedra's sought-after active-adult community, Riverwood at Del Webb. This beautifully remodeled Taft floor plan spans 1,577 square feet and offers a blend of modern elegance and comfortable living. What makes this home even more attractive is that the CDD bond portion has been paid off and the Seller's LOAN ASSUMABLE at a 2.625% rate! Step inside to discover a newly remodeled kitchen, featuring stunning Quartz countertops, decorative lighting, an entertaining island, custom cabinetry built-ins that serves as a pantry for ample storage. The kitchen is perfect for any culinary enthusiast, complete with new induction cooktop & newer Bosch stainless appliances. The open-concept living area showcases beautiful wood flooring and a stylish stone fireplace with temperature controls for desired ambiance, creating a warm and inviting atmosphere. Both bathrooms have been tastefully updated with Quartz counters adding a touch of luxury. In addition to the 2 bedrooms there's a private office/den for added workspace and a cozy living area off of the kitchen. Step outside to your private oasis where an auto-retracting awning provides shade over the patio, perfect for outdoor relaxation. Enjoy a covered patio and extended paver patio convenient for grilling. The fenced yard includes a mosquito control mister, ensuring a comfortable outdoor experience year-round. The community amenities are second to none, featuring a 38,000sf clubhouse for social gatherings & specialty classes, indoor heated pool & resort-style outdoor pool & spa, fitness center, tennis and pickleball courts and miles of paved paths all within walking distance to the clubhouse through a gated access from Canopy Oak Lane. Experience the perfect blend of style, comfort with move-in ready convenience. Don't miss the chance to make this exceptional opportunity your new home!
You may be able to put down less than the total down payment amount of $249,887 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: #2046478
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