Welcome home to beautiful Debary Golf and Country Club where this 3 Bedroom 2 Bath pool home awaits you! From the moment you arrive, you'll appreciate the light and airy open floorplan with upgrades including a new roof (2024), freshly painted interior walls, new LVP flooring throughout, a new dining room window, new patio sliding doors, new light fixtures and ceiling fans just to name a few. The large eat in kitchen offers all new appliances, refinished countertops and new cabinet hardware. The large Primary bedroom has a walk in closet and en-suite bathroom with shower and large tub. The inside laundry room has built in storage and a utility sink. The pool area has a screened enclosure, new pool pump (2022), new light fixtures and ceiling fan, large newly re-finished deck area and re-finished outdoor cabinets, all providing a perfect place for entertaining and enjoying the Florida lifestyle. No need to worry about rear neighbors as this home is situated on a lot with a large retention pond in the rear, offering privacy and a view of the pond and surrounding woods. Other upgrades include a new water heater (2023) new toilets and fixtures, some piping in both bathrooms, all new faucets, hallway barn doors, decorative wall moldings, and new landscaping. Join the Country Club that is just around the corner for the full experience- with amenities like a resort style pool, tennis courts, a gym, a full bar and restaurant, and of course miles of beautiful golf courses. Close to Hospitals, restaurants, shopping, the Sunrail train station, and easy access to I-4 allowing for commutes to Winter Park, Downtown Orlando and the beaches, this home has everything but you!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
