84165 SWALLOWTAIL DR, Yulee, FL 32097
Run, don't walk! Step into a world of endless possibilities and functionality, boasting an inviting covered front porch and gorgeous elevation. Adorned with stacked stone accents and a 3-car garage, this corner-lot beauty offers both curb appeal and practicality with a fully fenced yard, well maintained above ground pool, and expansive driveway. Wood look flooring throughout the downstairs complemented by high ceilings and a palette of light, airy tones. The layout is perfectly designed, featuring a formal living room seamlessly connected to a private office space via elegant glass French doors. The heart of the home awaits in the gourmet kitchen overlooking your family room and nook space, complete with granite counters, an abundance of wood cabinets, and stainless steel appliances. Additional highlights include a walk-in pantry, undermount sink, pendant and recessed lighting, stove top drawers, and a generously sized kitchen island with ample bar seating. A downstairs guest bedroom offers privacy and convenience, adjacent to a well-appointed guest bathroom with a walk-in shower and direct access to the back lanai. Upstairs, discover three spacious guest bedrooms, each offering plentiful closet space, along with a sprawling entertainment or game room that promises endless possibilities. Master suite is situated for ultimate tranquility at the back of the house. Double doors open to reveal vaulted ceilings and a palatial en suite boasting granite counters, a garden tub with a tiled surround, a spacious tiled walk-in shower, and not one, but two massive walk-in closets. Perfect for a large or growing family, this residence in the heart of Yulee offers proximity to Amelia Island's beaches and all the amenities of town living.
You may be able to put down less than the total down payment amount of $57,210 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: #2038889
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 © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.