85097 Calumet Dr, Fernandina Beach, FL 32034
4 beds · 3 baths · 3,209 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This tranquil home shows like new and is situated on one of the largest preserve lots for sale in Amelia Walk. Its wide front porch is perfect for enjoying the gentle breezes and the private cul-de-sac view. Enter this pristine home through a grand foyer, and enjoy an open tri-split floorplan that allows seamless transition from indoor to outdoor living. With 4 bedrooms, 3 bathrooms, and an office/guest room there is plenty of space to spread out. Eat-in kitchen with gorgeous granite and backsplash, in-wall double oven, soft close cabinets and drawers, plus island w/built-in and wine cooler. Enormous master suite boasts spa-like bath and bedroom-sized master closet. 3 car side-entry garage was built w/storage in mind! This home is easy to maintain and is pool-ready with tile floors throughout. 15 minutes to historic downtown Fernandina Beach and miles of Atlantic Ocean beaches. Seller offering 1-year home warranty covering all household appliances and systems.
Source: REALMLS #2044680
All values shown are estimated costs / mo.
Source: Public records
Source: REALMLS #2044680
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.
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