*Motivated Seller* — *Updated* *All Age Community* *Less than 9 miles to FAU & Town Center Mall* *Less than 5 Miles to Downtown Delray & The Beach* -- Welcome to Bexley Park! A vibrant community comprised of 270 single family homes and townhomes. This active community features multiple playgrounds, large grassed areas, sidewalks, a tranquil lake, and community pool. Bexley Park is centrally located near the Boys Farmers Market, the Girls Strawberry Patch, Downtown Delray, Two Major Interstates, and much more! -- This light and bright 2 bedroom, 2 bathroom, and 1 car garage townhome features: -Quartz Countertops -Wood Cabinetry -Newer Kitchen Appliances 2019 -Newer A/C 2019 -Newer Hot Water Heater 2021 -Fitted Custom Closets -Inside Laundry -All Living on the Same Floor -Split Floor Plan -Recessed Lighting -Complete Hurricane Protection -Vinyl Floor in Bedroom -No Carpet -And Much More! --- Maintenance Fee Includes: - Cable - Internet - Lawn Care - Roof Maintenance - Common Areas - Amenities --- Delray Beach, located in southeastern Florida, is often considered a fantastic place to live for various reasons: Beautiful Beaches: Delray Beach is renowned for its pristine, sandy beaches. The picturesque coastline offers residents the opportunity to enjoy the sun, surf, and sea year-round. The stunning ocean views and access to water activities are a major attraction for residents. Lively Downtown Atmosphere: Delray Beach has a vibrant downtown area filled with charming boutiques, art galleries, restaurants, and entertainment venues. Atlantic Avenue is the heart of the downtown scene, hosting various festivals, events, and a lively nightlife that residents can enjoy. Cultural and Arts Scene: Delray Beach has a rich arts and culture scene, with numerous galleries, theaters, and cultural centers. The city regularly hosts art exhibitions, music festivals, and cultural events, providing a vibrant cultural experience for its residents. Outdoor Activities and Parks: The city boasts a plethora of parks and outdoor recreational areas. Residents can enjoy biking, hiking, paddleboarding, golfing, and more. Parks like Morikami Museum and Japanese Gardens offer a tranquil escape into nature. Community Engagement: Delray Beach is known for its strong sense of community and active resident involvement. Numerous community events, farmer's markets, and neighborhood associations foster a sense of togetherness and connectivity among residents. Proximity to Other Destinations: Delray Beach's strategic location offers easy access to nearby attractions like Palm Beach, Fort Lauderdale, and Miami. Residents can explore a variety of cultural, recreational, and entertainment options just a short drive away. In conclusion, Delray Beach, Florida, is a desirable place to live due to its stunning beaches, lively downtown scene, cultural richness, outdoor opportunities, sense of community, education options, healthcare access, and overall welcoming atmosphere. It offers a well-rounded living experience for people of all ages and backgrounds.
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.
