7923 Merchants Way Jacksonville, FL 32222
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About this home
$5,000 in Closing Cost Assistance with an acceptable offer! Welcome to this 2-story townhome located in the desirable Meadows at Oakleaf community conveniently situated near a variety of shops, restaurants, and everyday conveniences. This home offers 3 spacious bedrooms and 2.5 bathrooms, with all bedrooms and full baths located upstairs for added privacy. Downstairs, you're greeted by an inviting entry hall, with access to the 1-car garage on the right and a convenient half bath just down the hall. The heart of the home is the open-concept kitchen, dining, and living area, ideal for entertaining and everyday living. The kitchen features black appliances, white cabinetry, and durable laminate countertops. Stylish luxury vinyl plank flooring runs throughout the main level, offering both comfort and easy maintenance. Step through the sliding glass doors off the living room to enjoy your private paver patio, perfect for relaxing or grilling out. Upstairs, you'll find wall-to-wall carpeting, a laundry closet, and all three bedrooms. The primary suite includes its own bathroom with quartz countertops and a walk-in shower. Two additional bedrooms share a guest bathroom, also featuring quartz countertops. Community amenities include a swimming pool with a covered pergola, a playground, and a dog park providing something for everyone. Don't miss the opportunity to own this lovely home in a vibrant and well-maintained neighborhood!
Source: REALMLS #2112379
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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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