11620 Lake Chub Dr Jacksonville, FL 32226
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About this home
NEW PRICE + $3,500 SELLER CREDIT TOWARDS BUYER'S CLOSING COSTS! Experience the vibrant Alta Lakes lifestyle in this charming 3 bedroom, 2 bathroom energy-efficient home. The open-concept, split-bedroom floorplan boasts an abundance of natural light, a spacious kitchen, dining area and family room to make you feel right at home. Perfect for both daily living and entertaining, the kitchen has been thoughtfully designed, featuring stainless steel appliances, upgraded quartz countertops and cabinets, a generously sized island, pantry and plenty of counter space. The owner's suite is a true retreat, featuring ample room for a king-sized bed, a walk-in closet and an elegant bathroom with a double-sink vanity, tiled walk-in shower and linen closet. The two guest bedrooms perfectly complement this home by providing versatile use for family or use as a flex room room/home office space. Embrace indoor-outdoor living! The screened lanai is your front-row seat to peaceful water views, perfect for perfect for quiet mornings or unwinding after a busy day. Beyond the lanai, a fully fenced backyard offers a world of potential. Envision your ideal outdoor cooking and entertaining space with a custom paver patio, grilling area, firepit, and a rustic pergola with sitting area to create the perfect backdrop for making lasting memories. Living in the Alta Lakes community offers Homeowners to enjoy a resort-style amenity center with a pool, splash pad, pickleball, basketball and tennis courts, children's playground, clubhouse, fitness center, dog park and a multi-purpose field, all designed for endless fun and recreation. This home is conveniently located near downtown Jacksonville, JIA, NAS Mayport, NAS Jacksonville, top-rated schools, shopping, restaurants and beautiful parks, with easy commutes to beaches and many other points of interest in northeast Florida. Schedule your showing today before this opportunity slips away! No blind offers!
Source: REALMLS #2102876
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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