86304 Sand Hickory Trl, Yulee, FL 32097
4 beds · 3 baths · 2,384 sqft sqft
Priced $20,000 UNDER APPRAISED VALUE! Assume this home's 3.5% mortgage, save thousands monthly & close within 45 days when you work with Roam! Inquire with the listing agent for more details! Back on the Market - no fault to the seller! Welcome Home to this ONE STORY, 4 Bedroom, 3 Full Bathroom home in Yulee. NO CDD FEE! Roof Replaced in 2021. UPGRADES include, whole house water filtration system, hurricane shutters, Security System with video and sound, Well for Irrigation, Vinyl Plank Flooring, Wood Feature breakfast nook, smart lights in kitchen, large pantry, laundry room, SHARK COAT flooring in garage. 10'x12' storage shed with 48'' door, metal ramp and ELECTRICITY makes a great work shop, MAN CAVE OR SHE SHED! Enter the front door to Formal Living/Office to the right and Formal Dining to the left. This Large Kitchen offers tons of storage, under the cabinet lights, Granite Countertops, Counter Seating and views of the Family Room. Your Large Primary Suite offers his/hers walk in closets, dual vanities, soaking tub and walk-a-round shower. Additional bedrooms are great sizes with two sharing a Jack and Jill bath, the other bedroom with a private bath. Enjoy a fenced backyard with fire pit! Location offers easy access to I-95, JAX Airport, Amelia Island and Kings Bay. Walk to Yulee High School! Who's ready to LOVE WHERE YOU LIVE?
Source: REALMLS #2035960
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2035960
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: #2035960
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