Beautiful David Weekly custom 3 Bedroom, 2.5 Bathroom, Den home with so many upgrades and options. This home, in much sought after Victoria Hills can be yours. These quiet wooded streets and gorgeous lawns are waiting for you. Walk into the front door and you can see all the way through this open concept home to your private garden oasis in the back yard. The following options and features await you inside: Oak Hardwood Floors; Crown Moldings; Ring doorbell, electronic door opener, front lighting, and home security systems; custom finishes and custom pillars; 9 foot ceilings; brick pavers on the the covered front porch, rear lanai, covered screened-in rear porch, driveway and walkways that all match; Plantation Shutters throughout; French doors; new custom Epoxy garage floor; pull down stairs to attic storage in the garage; Ceiling fans/lights in most all the major rooms; New roof in 2021 along with a new gutters; EV charging station in the garage for 220V/30AMP service; central vacuum system. The Den/Office/4th bedroom is on the left as you walk into the main entry. The secondary hallway is next and leads to the second bathroom with shower/bath tub and the second and third bedrooms. The Formal Dining with Custom Chandelier is next on the right. The open concept Great Room/Kitchen area is in the back of the home. The Kitchen has real wood cabinets, granite counters, with tile back splash, a breakfast nook is on the left with space for table and chairs, Stainless steel appliances that include a new LG 5 burner gas stove, microwave, custom Bosch refrigerator, custom LG dishwasher, insta-hot water w/filter, and custom lighting. A new kitchen sink and disposal are on site to be installed. Utility room has LG washer/dryer that convey plus storage cabinets above and below the units. The Formal Dining has a Butlers dry bar area between the kitchen and dining area. The kitchen also has an island with room for several high stools. There is a powder room that has access to the screened-in porch and out-door lanai from both the Great Room and the Kitchen. The Primary suite is off the Great Room and has a primary bath with walk-in shower and soaker tub. The Primary Bath cabinets and Granite match the kitchen and other bathrooms. The spacious Primary bedroom has large walk-in closet, large windows that over look the spacious lanai, electric activated 16x16 awning with auto high wind retraction, and a fire-pit. The rear yard is private and fenced with access gates and can support large holiday/weekend parties as needed. The yard has a recently updated with stone "hard-scape" landscaping and irrigation system/with timers, 3 retracting hose reels and spigots on all sides. property has natural gas for the range, furnace and on demand hot-water-heater plus water softener system . VPHOA has 2 fitness centers, resort style pools, tennis courts, a public golf course, bike trails and much more for an active life style. Home owners receive hi-speed internet services and basic cable from Spectrum as well as brown water for the irrigation of your lawn as part of your monthly HOA Fees. Deland and Stetson University are with-in a 10 minute drive. The weekend activities are endless. There are 2 Advent Health hospitals within a 15 minute drive and many doctors offices as well. Shopping centers abound with many grocery stores. The outlets in Daytona Beach and the Daytona Mall are only 25 minutes away. This home has assumable 2.25% VA loan for qualified buyers.
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.
