Lovely remodeled and updated Pool, Solar, Golf Course home on the 8th Fairway of Deltona Club golf course. This 3 Bedroom, 2 Bath home offers so much for your family to enjoy, even if it is the peace and quiet of this unique home. Walking up under the majestic oak in the front yard, past the butterfly garden to the entry porch, this brick over block home offers you a formal sunken living room on the right that also can be used for a den/office or converted to a fourth bedroom should you choose to do so. Continuing down the hall to the great room which has a fireplace bracketed by large sliding doors on either side. On the right there is a built-in entertainment wall and on the left is a large dining space with a bar in the kitchen. The split floor plan has the Primary Suite on the North side which has an En Suite updated bathroom with dual sinks, walk in closet, and a sunken shower. A sliding door on the primary leads you out to the enclosed pool area and covered lanai. On the opposite side of the great room sit two bedrooms with large closets and an updated bathroom. The entire space is covered with low maintenance designer tiles. Exiting from the great room, you encounter a large, covered lanai with wood decking and openings to enjoy the view of the sculptured pool with a water feature wall. To the west is the golf course, to the North is a terraced yard with new wooden walkway back to the front yard, and to the South is a small patio ideal for BBQ and a new wooden deck to the south lawn featuring a sprinkler system. Leaving the kitchen, you enter a large show room quality garage featuring bright walls, tile floors and extra depth for your classic car(s) or daily driver. Newly remodeled Eat in Kitchen with new cabinets and countertops, Jenn-Aire convection oven, cooktop and Stainless-Steel Exhaust Hood, Dishwasher and Refrigerator. The Bathrooms are updated with newer light fixtures as are the dining chandelier. Air Conditioner was installed 1/23 and the Solar Edge 9 KW+ system was installed recently. It is eligible for Duke Energy Net Metering, and this home has very low energy costs available for review. Many features and amenities have been added that are too numerous to list on this description. Seller will work with Buyer post-closing to ensure that the Solar system transfers as required by Duke Energy and other providers.
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.
