744 Towering Pines Dr Jacksonville, FL 32220
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About this home
Assumable VA 5.6% rate and up to 5,000 towards closing costs! Looking for land, privacy, and room to breathe — without giving up city convenience? This charming 3-bedroom, 2 bath home sits on over an acre, offering the perfect balance of quiet country living and easy access to Jacksonville's amenities. Step inside to a welcoming layout with stainless steel kitchen appliances, a cozy living area, and plenty of natural light. Outside, enjoy your morning coffee on the screened porch or unwind under the covered 2-car carport. With a spacious yard, a storage shed, and room for RVs, boats, or hobbies, this property is ideal for those seeking both comfort and freedom. No HOA - live on your terms Well & septic for added independence Expansive backyard - perfect for gardening, play, or relaxation Here, you'll enjoy the best of both worlds: the peace and quiet of your own retreat, with shops, dining, and downtown just minutes away!
Source: REALMLS #2111656
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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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