PRICED BELOW APPRAISED VALUE!!! Welcome to 2110 Warrensford Road, Pierson, Florida! Set on 10 acres in a peaceful rural setting, this property offers 2,382 square feet of living space and a rare combination of privacy, functionality, and modern updates. Just minutes from local shopping, restaurants, and everyday conveniences, it provides the perfect balance of country living with accessibility to essential services. The home features a versatile 3-bedroom, 2.5-bath layout, including a unique private living space that is connected to the main home yet offers its own separate exterior entrance. This area is ideal for a private suite, guest quarters, or multi-generational living, complete with its own living room, kitchenette, bedroom, and bathroom—providing both comfort and independence while still being part of the main residence. The home has been thoughtfully maintained and improved, featuring a metal roof installed in 2021, a new AC system on the primary side (2024), and a water treatment system with a new well pump (2024). High-speed Spectrum fiber internet ensures reliable connectivity, making it ideal for remote work, streaming, or online learning. This property is designed for versatility. A 40x36 steel frame structure provides ample space for storage, workshop activities, or hobbies, while a 24x12 greenhouse is perfect for gardening or small-scale agricultural projects. The above-ground pool with deck offers a private area for relaxation and entertaining. Extensive brush clearing, tree removal, and debris cleanup have been completed, maximizing the usable land and enhancing the property’s overall appeal. The 10-acre lot allows for a wide variety of possibilities, including outdoor recreation, gardening, hobby farming, or future expansion. With functional structures, cleared acreage, and modern utilities already in place, this property provides a rare opportunity in Volusia County for buyers seeking space, convenience, and versatility.
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.
