Nestled beneath a canopy of majestic oak trees in The Trails community of Ormond Beach, this beautifully maintained 3-bedroom plus bonus room, 2-bath home offers the perfect blend of space, comfort, and functionality. Situated in one of Ormond Beach's most established neighborhoods, this property provides a desirable ranch-style floor plan with multiple living spaces, abundant storage, and access to exceptional community amenities, including a resort style pool. Step inside to discover a sprawling, open layout featuring tile flooring throughout the main living areas. The welcoming foyer leads to a formal dining room. The spacious living room serves as the heart of the home, highlighted by a charming painted brick fireplace and a large bay window that fills the space with natural light while creating a warm and inviting atmosphere. The living area flows seamlessly into the oversized eat-in kitchen, designed for both everyday living and entertaining. Features include granite countertops, stainless steel appliances, abundant cabinetry, generous prep space, a breakfast bar, and a sunny bay window overlooking the Florida room and fenced in backyard. Just off the living room, a versatile pass-through area connects to the laundry room and offers the perfect space for a home office, organization center, or additional storage. One of the home's standout features is the expansive bonus room, offering endless flexibility as a fourth bedroom, home office, fitness room, media room, playroom, or hobby space. A long hallway lined with multiple storage closets leads to the private bedrooms. The guest bedrooms feature built-in closets and share an updated bathroom with a updated vanity and tub/shower combination. The spacious primary suite offers a large walk-in closet and an updated en-suite bath with a walk-in shower and modern vanity. Recent updates provide peace of mind and improved energy efficiency, including Andersen windows installed in 2021, a roof replaced in 2018, a water heater replaced in 2018, and solar panels designed to help reduce monthly utility costs. Additional highlights include a two-car garage, generous storage throughout, and a bright Florida room that expands the living space and offers the perfect place to enjoy morning coffee or unwind after a long day. Residents of The Trails enjoy access to a community swimming pool, miles of walking and biking trails, and direct connectivity to Nova Community Park, which features tennis courts, playgrounds, ball fields, a recreation center, and expansive green spaces. Conveniently located near shopping, dining, healthcare facilities, highly rated schools, and just minutes from the beautiful beaches of Ormond Beach, this exceptional home offers the ideal combination of location, lifestyle, updates, and value. Experience the charm, convenience, and community that make The Trails one of Ormond Beach's most desirable places to call home.
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.
