Extra large lot! Pool! Fully paid off solar! 2 Car garage! Oversized driveway! New roof! Brand new appliances! Florida room! Nicely updated! This Deltona home is for you! Pull into the oversized driveway and admire the fresh exterior paint, updated beautifully. The new roof (2022) offers peace of mind, while the fully paid-off solar system provides significant energy savings from day one. A spacious two-car garage completes the impressive curb appeal. Step inside through the open entryway to discover a bright and flowing floorplan, accentuated by vaulted ceilings that create space. The brand-new luxury vinyl plank (LVP) flooring leads you through the main living areas, adding a modern touch that is both beautiful and durable. The heart of the home you will find a newly updated kitchen. It features re-finished cabinets, gleaming new quartz countertops, and a complete suite of new stainless steel appliances. From the kitchen sink, a perfect view looks out into the screened-in Florida room and the private, lush backyard, making meal prep a joy. The master suite is complete with a walk-in closet for all your storage needs. Step outside into your own private oasis. The screened-in Florida room is ideal for enjoying a morning coffee or an evening cocktail, no matter the weather. Beyond, a private pool awaits for endless summer fun. The massive, oversized backyard provides a blank canvas for your dreams, with more than enough room for a fire-pit, a garden, or a custom outdoor kitchen. Located in the thriving and convenient community of Deltona, this home is a commuter's dream, offering easy access to I-4 for quick trips to both Orlando and Daytona Beach. Enjoy the perfect blend of suburban tranquility and city access. The area boasts above-average public schools within the Volusia County district, which recently earned an "A" grade from the Florida Department of Education. Discover why so many are choosing to call Deltona home! *This property may qualify for a reduced interest rate through a seller-paid rate buydown when using the seller's preferred lender. This incentive may lower the buyer's monthly payment. Interest rates and terms subject to buyer qualification.
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.
