PROFESSIONAL PHOTOS COMING SOON! - WELCOME TO YOUR PRIVATE DAYTONA BEACH RETREAT! Discover the perfect blend of comfort, functionality, and outdoor living in this beautifully maintained 3-bedroom, 2-bath concrete block home with a bonus room, situated on a spacious ¼-acre lot in the heart of Daytona Beach. Best of all, qualified buyers may take advantage of an assumable mortgage with an attractive 5.125% interest rate, offering a unique opportunity in today's market. Located in a quiet neighborhood just minutes from shopping, dining, entertainment, major roadways, and the area's world-famous beaches, this move-in-ready home delivers convenience without sacrificing privacy. Step inside to find a bright and inviting floor plan filled with natural light and comfortable living spaces designed for everyday living and entertaining. The updated kitchen offers modern appliances, ample cabinetry, and plenty of workspace for cooking and gathering. The spacious bedrooms provide comfort and flexibility, while the bonus room can easily serve as a home office, playroom, fitness area, or guest space. The outdoor living experience truly sets this property apart. Enjoy morning coffee on the front porch or unwind in the screened rear porch overlooking your fully fenced backyard. Recently added for summer enjoyment, the above-ground pool and custom wood deck create the perfect setting for family fun, weekend barbecues, and entertaining guests. The expansive backyard offers endless possibilities with a playground area, plenty of room for pets and children to play, and dedicated space for boats, trailers, RVs, or additional recreational vehicles. An outdoor shower adds convenience after a day at the beach or pool. Need extra workspace? The detached 10x18 workshop is equipped with air conditioning, making it ideal for a workshop, hobby room, home business, gym, office, or additional storage. Additional highlights include: • Assumable 5.125% mortgage (for qualified buyers) • New above-ground pool with wood deck • Screened rear porch • Fully fenced backyard • Detached air-conditioned workshop • Playground area • Outdoor shower • Room for boats, trailers, and recreational vehicles • Concrete block construction • No flood concerns – high and dry location Whether you're searching for a primary residence, a growing family home, or simply a property that offers space to enjoy Florida living, this exceptional home checks all the boxes. Schedule your private showing today and experience everything this property has to offer.
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.
