Charming 3-Bedroom, 2.5-Bathroom Home in Prime Location Near Downtown DeLand & Stetson University. Welcome to this beautifully updated home, built in 2007, nestled in a quiet yet highly convenient neighborhood. Located just minutes from Downtown DeLand and Stetson University, this meticulously maintained property offers the perfect balance of peaceful living and easy access to local amenities. Boasting 3 spacious bedrooms and 2.5 bathrooms, this home features a wealth of recent upgrades that add both style and functionality. The widened driveway and enclosed front porch with screens provide excellent curb appeal, while the extended back patio with pavers and a screened area creates a serene outdoor retreat. Inside, you'll find a bright, open floor plan with fresh paint throughout the lower level. The fully renovated master bathroom, located upstairs, is a true highlight. Featuring dual sinks, a garden tub, custom-built shelves, and a spacious walk-in shower, it offers the perfect retreat. The master suite also boasts his-and-hers closets, providing ample storage space and convenience. The newly updated half-bathroom downstairs adds further value to this already fantastic home. All bedrooms have been upgraded with new laminate flooring, and the guest bathroom has a brand-new shower door and all-new toilets. The kitchen is a chef's dream with stunning granite countertops and ample cabinetry, while newer systems, including the 2021 roof, 2021 AC unit, and 2023 water heater, provides a peace of mind for years to come. The home is equipped with hurricane panels for all windows, adding an extra layer of protection. For added privacy, the property features a vinyl fence (installed in 2019), and the transferable termite bond ensures ongoing protection. This home is truly move-in ready and has been lovingly cared for by its current owners. Don’t miss your chance to own this gorgeous home in one of DeLand’s most sought-after locations. Schedule your tour 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.
