85220 River Birch Ct, Fernandina Beach, FL 32034
4 beds · 3 baths · 2,660 sqft
Kick Back, RELAX, and SAVOR the SEASON that is Florida in this Amelia Walk BEAUTY. With more than 2600 square feet, this Popular 4 bedroom, 3 bathroom split floor plan all on one level combines beautiful and functional elements. The Clean lines, Open concept floor plan, wood-look tile flooring, trey ceiling, recessed lighting, separate guest suite, and tiled showers offer comfort with a coastal aesthetic. A palette of alabaster, linen, and oyster mixed with soft beachy gray tones are just right for every style. The kitchen features quartz countertops, single basin stainless sink, walk in pantry, stainless steel appliances, but the star of the kitchen is the large California island. A spacious owner's suite includes a tiled walk-in closet, soaking tub, dual vanities, and tiled walk-in shower. The home has been recently pressure washed, deep cleaned, and regular lawn maintenance is performed, along with a yearly Termite inspection and current bond. Amelia Walk includes a community pool, clubhouse, 4 pickleball courts, a tennis court, playground, and field providing year-round activities for all ages. Enjoy the boutique shopping and hometown dining in nearby Historic Fernandina Beach or visit the pristine beaches of Amelia Island with just a 15 minute drive. Reach the Jacksonville International Airport just 35 minutes away. Make this home, your perfect place to spend the next season of your life!
Source: REALMLS #2056459
Financials
Source: Public records
Source: REALMLS #2056459
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.
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