7716 Merchants Way, Jacksonville, FL 32222
3 beds · 3 baths · 1,627 sqft
Get a free consultation call with an expert in the mortgage assumption process.
The Meadows at Oak Leaf townhouses! Are you that busy professional who needs quick access to anywhere in town via I-295? You've worked hard to get where you are. Spend your time off doing life, not maintenance and lawn care. You have the benefit of homeownership and still have time for the Florida lifestyle. This newer 3BR/2.5BA end unit has an open floor plan, stylish cabinetry, counters and flooring. Bedrooms and laundry up; living spaces down. Ask for more details, disclosures, the full tour of 28 photos, and your personal tour today! Why #TownhouseLife? Townhomes offer low maintenance options with built in security, convenience of 'lock-and-leave' when travel is in the plans, and they facilitate building lasting ties with a community. Access to amenities like the pool, playground and bark park mean you are not paying extra for off-site recreation. Townhomes tend to be placed in the coolest locations, where you can live, work and play in the same general area, just a short distance from restaurants, shopping and more. Smaller Homes 12 Reasons to buy a smaller home 1. They cost less. 2. They save time. 3. They make it easier to live simply. 4. They are more energy efficient. 5. They take less effort and product to clean. 6. They cost less to furnish & maintain. 7. They have a smaller impact on the environment. 8. They provide more time. 9. They encourage family bonding. 10. They facilitate shedding excess stuff. 11. They tempt you less to accumulate more stuff. 12. They are easier to sell. Let's talk about cementious siding. Cementious siding, or fiber cement siding, has the appearance of wood, but is durable, water-resistant, termite-resistant, and non-combustible. Cementious siding is composed of cement, sand, and cellulose fiber that has been autoclaved (cured with pressurized steam) to increase its strength and dimensional stability. The fiber is added as reinforcement to prevent cracking. Since it is not susceptible to rot and infestation, cementious siding offers a long lasting alternative to typical exterior wall cladding.
Source: REALMLS #2051616
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 #2051616
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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