7716 Merchants Way, Jacksonville, FL 32222
3 beds · 3 baths · 1,627 sqft
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 lawn care and outside maintenance. The Meadows at Oak Leaf townhouses! You have the benefit of homeownership and still have time for the Florida lifestyle. This lovely 3BR/2.5BA end unit is only 2 years young, has an open floor plan, and stylish cabinetry, counters and flooring. Bedrooms are up 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
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2051616
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: #2051616
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