Looking for homes for sale in Daytona Beach under $350K with easy access to golf, the Intracoastal, and the beach? Welcome to 120 Quaker Ridge Rd. This 3-bedroom, 2-bath home offers 1,326 square feet of comfortable living space in a quiet residential neighborhood just minutes from some of the most sought-after lifestyle features in Daytona Beach, Florida. Located near the Daytona Beach Golf Club, this home is ideal for buyers searching for golf course homes in Daytona Beach without the premium price tag. You’re also just a short drive from the Halifax River and Intracoastal Waterway, perfect for boating, fishing, and enjoying waterfront views year-round. Inside, the home features a functional layout with a spacious living area, dedicated dining space, and a kitchen that flows easily for everyday living. All three bedrooms are well-sized, offering flexibility for guests, a home office, or additional living space, making this a great option for first-time homebuyers in Daytona Beach, retirees, or seasonal residents. One of the biggest advantages of this property is its location. If you’re searching for homes near Daytona Beach with convenient access to the Atlantic coastline, local restaurants, and outdoor activities, this home places you within minutes of it all. Spend your mornings near the water, afternoons on the golf course, and evenings enjoying nearby dining and entertainment along Beach Street and the surrounding area. This property is also a strong opportunity for buyers looking for affordable homes in Daytona Beach, Florida, whether as a primary residence, second home, or investment property. With limited inventory in this price range, homes like this, close to golf, water, and the beach, are becoming harder to find. If you’ve been searching for a Daytona Beach home under $350,000, 120 Quaker Ridge Rd. is a must-see. Schedule your showing 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.
