89 Velvet Dr, Jacksonville, FL 32220
4 beds · 3 baths · 2,028 sqft
Welcome to this stunning 4-bedroom, 3-bathroom home featuring a desirable split floor plan with two master suites. The home boasts a beautiful combination of hardwood floors and ceramic tile throughout, along with vaulted ceilings that add an airy feel. The living area is perfect for cozy evenings with a charming wood-burning fireplace. The kitchen is well-equipped with modern stainless steel appliances, and all appliances, including the washer and dryer hookups, convey with the property. Step outside to discover a fully fenced backyard with a shed that stays, as well as a unique greenhouse-type structure with raised garden beds, perfect for gardening enthusiasts. Please note that the metal beds do not convey. The property also features a paved driveway leading to a 2-car attached garage with an epoxy-coated floor, adding durability and a clean finish. The home also includes a water softener system for added convenience. Welcome to this stunning 4-bedroom, 3-bathroom home featuring a desirable split floor plan with two master suites. The home boasts a beautiful combination of hardwood floors and ceramic tile throughout, along with vaulted ceilings that add an airy feel. The living area is perfect for cozy evenings with a charming wood-burning fireplace. The kitchen is well-equipped with modern stainless steel appliances, and all appliances, including the washer and dryer hookups, convey with the property. Step outside to discover a fully fenced backyard with a shed that stays, as well as a unique greenhouse-type structure with raised garden beds, perfect for gardening enthusiasts. Please note that the metal beds do not convey. The property also features a paved driveway leading to a 2-car attached garage with an epoxy-coated floor, adding durability and a clean finish. The home also includes a water softener system for added convenience. A spacious screened-in lanai offers the perfect spot for outdoor relaxation, and the home comes with a pool and Polaris pool vacuum, which is already covered for your convenience. For pet owners, there's a dog run by the garage, and even a chicken coop, which can convey if desired. This property also offers flexibility with a mother-in-law suite included in the main living area. Both master suites feature and there are large walk-in closets providing plenty of storage space. Additional features include RV parking, and the home is conveniently located near local amenities.
Source: REALMLS #2050587
Interest rate and monthly payment estimated based on public records.
Source: REALMLS #2050587
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: #2050587
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