Seller Offering a $600 Home Warranty. Impeccable & Fully Renovated: Welcome to this spectacular, turn-key 4-bedroom, 3-bathroom POOL home in Palm Coast, where over $100,000 in recent upgrades ensures a modern, maintenance-free lifestyle. Spanning 2,424 sq ft, this home offers unparalleled value and has been meticulously updated from top to bottom over the past three years. Step inside to a home rebuilt for comfort and efficiency, featuring New Ceramic Tile Flooring throughout the main areas. The Kitchen (2024) has been completely renovated and features high-end finishes like: Quartz Countertops, Full Quartz Backsplash, Soft-Close Cabinets and Drawers, Slide-Out Pantry Shelves, A modern Stainless Steel Farm-Style Sink, New Garbage Disposal (2025), and a counter-integrated Hideaway Electrical Plug. This property offers extraordinary peace of mind with significant investments made in its structure, systems, and finishes: (2025) New Pentair Salt Water Chlorinator and Updated ADT Security System. (2024) New HVAC System, New Impact-Resistant Windows (Master Bedroom & Living Room Sliding Door), New Standard Windows (1st Floor Bedrooms & Guest Bath), Plush Carpet in Bedrooms, Pre-wired for Fiber Optic High-Speed Internet and New Gutters w/ Leaf Guard Protection. (2023) New Shingled Roof, Full Interior & Exterior Painting, Custom Walk-in California Closets in MBR, New LG Stacked Front Loading Washer & Dryer and Custom Front Window Shades (See-out/Privacy Protection). Enjoy your private BACKYARD OASIS featuring a beautiful Salt Water Pool (2018) surrounded by a Travertine pool deck, now optimized with the new 2025 chlorinator. The spacious upstairs bonus room with a full bath provides flexible living space. LOCATION PERFECTION: The Seminole Woods area offers incredible convenience, placing you approximately 30 minutes from the historic charm of Saint Augustine and the vibrant entertainment of Daytona Beach. IMPORTANT EXCLUSIONS: Please note that the custom Bookshelf in the library/den area and the freestanding Firepit in the backyard do not convey with the sale of the property. This is more than a move-in ready home; it is a meticulously upgraded sanctuary in a prime location. Schedule your viewing of 115 Universal Trail today!
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.
