Like NEW!! Large House, 4 Bedrooms • 3 Baths • Screened Lanai with Jacuzzi • Fully Fenced Yard • No HOA • Built in 2022 Welcome to 118 Ryberry Drive, Palm Coast, FL! Built in 2022, this beautiful 4-bedroom, 3 full-bath home offers 2,508 square feet of thoughtfully designed living space and a spacious 2-car garage, with no HOA and no CDD fees. Step inside and discover a bright, open-concept floor plan that perfectly blends everyday living with effortless entertaining. The expansive living and dining areas flow seamlessly into the heart of the home—a stunning kitchen featuring large granite countertops, stainless steel appliances, abundant cabinetry, and plenty of workspace for meal preparation and gatherings. High ceilings and large windows fill the home with natural light, creating a warm and inviting atmosphere throughout. The spacious layout provides comfort and flexibility for families of all sizes, while modern finishes add style and elegance to every room. Retreat to the oversized primary suite featuring a luxurious en-suite bath with a garden tub, spacious walk-in shower, and ample space to unwind after a long day. Step outside to enjoy Florida living at its finest. The extra-large screened lanai provides the perfect setting for outdoor dining, entertaining, or simply relaxing in the jacuzzi year-round. The fully fenced backyard with large shed offers privacy and plenty of space for pets, play, or future outdoor enhancements. This move-in-ready home also includes annual termite treatment, gutters, a sprinkler system on a deep well, and numerous upgrades that make ownership easy and enjoyable. There is truly nothing to do but move in and start enjoying all this exceptional home has to offer! Conveniently located near shopping, dining, schools, parks, bike trails, medical facilities, and just a short drive to the beautiful beaches of Flagler County, easy access to I-95 or US-1, Flagler Executive Airport, St Augustine, the famous Daytona Racetrack, Jacksonville, & Orlando Disney World just a few of the attraction to enjoy the Florida lifestyle, this home is the complete package!! Schedule your private showing today! "Like New! 4 Bedrooms • 3 Baths • Screened Lanai with Jacuzzi • Fully Fenced Yard • No HOA • Built in 2022"
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.
