791 Alexander St, Saint Augustine, FL 32084
3 beds · 2 baths · 1,190 sqft
* * * SPECIAL OFFER * * * $5k CLOSING COST INCENTIVE FOR A CONTRACT CLOSING BY JANUARY 31, 2025. CHARMING Home! Minutes to Historic St. Augustine, and the BEACH! LUCRATIVE Investment Opportunity! Discover the charm of this beautifully maintained 3-Bedroom, 2- Bathroom home, nestled just minutes from the Heart of the oldest City in the Country, Historic St. Augustine, FL! Set on a peaceful, spacious lot, this property offers ample outdoor space, perfect for relaxation, or entertaining guests. Enjoy a well-designed split bedroom, floor plan that maximizes space and comfort. The 3 bedrooms provide plenty of room for family and guests, while the 2 bathrooms ensure convenience for everyone. Just a short drive from some of the most Beautiful BEACHES in FL! This home is perfectly situated for those who love Sun, Sand, and Surf. Explore the rich History and vibrant Culture of St. Augustine, with its Charming Shops, Restaurants, and Iconic Landmarks, all within easy reach. With the growing demand for vacation rentals near this historic area, this property could potentially present an excellent opportunity for an Airbnb, or short-term rental income. Turnkey ready, this home can easily cater to visitors seeking a unique St. Augustine experience, or your Forever Home. The expansive outdoor space offers endless possibilities, add a garden, create a cozy outdoor seating area, or put a playhouse for the kids. Whether you're looking for a new home, a vacation getaway, or a lucrative investment in a rapidly growing area, this property is a must-see! Newer Architectural Shingle Roof, 2020. House is on Well/Septic. This area of St. Augustine is part of the West King Mobility Project, revitalizing and gentrifying the area with many newer houses being built, Retail, and a potential Commuter Rail in the near future. Don't miss your chance to own a piece of Gold, near historic St. Augustine, FL! Life is a BEACH! Schedule a viewing today and explore the potential of this remarkable, and upcoming LOCATION, LOCATION LOCATION!!
Source: REALMLS #2061511
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: REALMLS #2061511
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.
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.
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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