JUST SOLD in Fleming Island!
In a market where rising rates are squeezing buyers’ budgets, assumable low-rate loans are gaining popularity—and for this seller, it paid off in a big way.
This seller had locked in a 2.75% mortgage rate when they bought the property in 2022 —a rare and valuable rate in today’s higher-interest market. The buyer was able to assume the existing mortgage through the current lender. This not only saved time and stress, but it also meant the seller received a full-price offer without a need for an appraisal.
This sale is a great example of how smart financial decisions made years ago can pay off in unexpected ways. Congratulations to the seller on a smooth, successful closing—and to the buyer on securing a fantastic rate.
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