One or more photo(s) has been virtually staged. Welcome to this beautifully re-imagined concrete block 3-bedroom, 2-bath home in Daytona Beach, offering over 1,300 square feet of living space where contemporary design meets everyday ease and Florida living. Every detail has been updated for style and comfort, with a one-car garage for added convenience. Step inside to an open floor-plan that flows effortlessly—large windows allow natural light to pour in, and gorgeous tile flooring runs throughout for a clean, low-maintenance foundation. The living and dining rooms feature chic white-washed brick interior walls, adding character and texture while keeping things bright and fresh. The new kitchen is a standout: sleek stone countertops, custom backsplash, high-end stainless-steel appliances, and a peninsula counter for breakfast, casual dining, or hosting guests. Whether preparing a weekday breakfast or entertaining friends, this kitchen delivers. The generous primary suite provides a retreat-like vibe, complete with a deep walk-in closet (with solid built-in shelving) and an ensuite bath featuring a beautifully designed stand-up shower. Two large guest bedrooms both offer deep closets for ample storage. The guest bath invites with a stylish shower/tub combo—functional and elegant. From the dining area, large sliding doors open out to a spacious fenced-in backyard—a perfect Florida outdoor living space. It’s big enough for play, pets, or simply soaking up the sunshine in privacy - and even comes with papaya tree! Meanwhile your washer/dryer sit in the one-car garage, brand-new and ready to go. No HOA means more freedom and lower monthly overhead—ideal for home-buyers who value independence and location. 2016 Roof, 2025 water heater, 2022 appliances, 2024 AC.
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.
