Welcome to Park Place, a vibrant 55+ gated community in Palm Coast where comfort, convenience, and style come together. This move-in ready 3-bedroom, 2-bath home (3rd bedroom nonconforming) was built in 2018 and offers 1,878 sq. ft. of beautifully maintained living space. You’ll immediately notice the inviting curb appeal with manicured landscaping, a two-car garage, and a paver driveway. Inside, the open and smart floor plan features ceramic tile floors in the main living areas, carpet in bedrooms, and vaulted ceilings for an airy, spacious feel. The modern kitchen is designed for both cooking and entertaining, complete with granite countertops, stainless steel appliances, and a large center island. The primary suite is your private retreat, offering a walk-in shower, dual vanities, and a generous closet. The additional bedrooms provide ample storage and flexibility, with the third functioning perfectly as a home office, craft room, or guest space. Enjoy peaceful outdoor living in your fenced backyard or relax on the screened lanai, featuring an epoxy-finished floor and ceiling fan—ideal for morning coffee or evening dining. The garage offers epoxy flooring, custom storage cabinets, and a garage screen enclosure for added comfort. Safety and preparedness come easy with custom hurricane window panels, a generator, and an installed transfer switch for power outages. Residents of Park Place enjoy resort-style amenities including a heated seasonal pool, bocce, shuffleboard, horseshoes, putting green, and an outdoor kitchen. Lit sidewalks provide a safe and welcoming environment for evening walks. The HOA is $230 per month and includes lawn care, internet, and cable. There are no CDD fees, adding even more value. This home combines modern features and peace of mind, all in one of Palm Coast’s most desirable 55+ communities. Located in Park Place, Palm Coast, Florida. Schedule your private showing today and experience the lifestyle you deserve.
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.
