Nestled just steps from the heart of historic downtown DeLand and within walking distance to Stetson University, this beautifully preserved 1935 residence blends timeless character with thoughtful modern updates, offering a rare opportunity to own one of the area’s truly special homes. Featuring 5 bedrooms and 4.5 bathrooms, the layout offers exceptional flexibility for a variety of living arrangements, with the potential to serve as an ideal setup for extended households, guests, or those seeking proximity to campus. Pine wood flooring runs throughout, showcasing the craftsmanship and charm that define this era of construction. The main-level primary suite includes a walk-in closet and private ensuite bath, while an upstairs bedroom with its own full bath creates the option for dual primary-style suites. Multiple living and dining areas provide space to gather or spread out, and a light-filled upstairs office offers the perfect work or creative space. A convenient half bath sits just off the main living areas. Outdoor living is just as inviting. Enjoy a welcoming front porch perfect for relaxing, or retreat to the private backyard featuring a sparkling pool with paver frame, full pool bath, and vinyl privacy fencing that creates a peaceful setting for entertaining or everyday enjoyment. A detached garage adds additional storage and functionality. Major updates provide peace of mind while preserving the home’s historic integrity, including double-pane windows (2011), Hardie board siding, metal roof (2021), updated wiring with inactive knob-and-tube (2021), newer plumbing, main sewer line replacement (2024), upstairs A/C (2021), downstairs A/C (2023), and two tankless water heaters. The neighborhood is also equipped with fiber internet for fast, reliable connectivity. With its generous layout, architectural charm, and unbeatable location near downtown DeLand’s shops, dining, and local events, plus walkability to Stetson University, this property offers a unique combination of lifestyle and versatility that is rarely available. If you’ve been searching for a spacious historic home in one of DeLand’s most desirable areas, this is one worth seeing in person. Schedule your private 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.
