Auction Property. LIST PRICE IS FOR MLS PURPOSES ONLY. ACTUAL PRICE WILL BE DETERMINED AT AUCTION. ONLINE AUCTION ENDS DEC. 4 AT 1 PM ET. Step into timeless Daytona Beach style with this fully furnished 3BR/2BA 1920s Art Deco home with guest apartment. The home is perfectly positioned between the Intracoastal Waterway and the Atlantic Ocean. This rare find captures the spirit of coastal living—where vintage architecture meets modern updates and the streets are golf cart-friendly for easy beachside cruising. Enjoy real wood floors, a cozy fireplace, and a bright open layout upstairs with french doors opening onto the patio, while the downstairs guest apartment with a private entrance and washer and dryer offers flexibility for visitors or added income. Upgrades include modern renovations and new roof (2017–2018±), and a 4-ton HVAC replacement (2023±). The kitchen has a spacious design with flat-top cooktop, stainless steel appliances, and ample cabinetry. The primary suite is bright and airy with double windows, barn-style doors, and full bath with tub and shower. There is a furnished patio with dual yard access, BBQ grill and washer/dryer. There is a paver driveway and Art Deco front staircase with two built-in benches. The location provides beach days, fine dining, and cultural charm. From the Daytona Playhouse to Hyde Park Prime Steakhouse and the Halifax River Yacht Club, everything that makes this area special is right at your fingertips. Whether you’re seeking a permanent home, a weekend getaway, or a smart investment, this Art Deco treasure delivers style, comfort, and history—all within a vibrant golf cart friendly coastal community. Property #: DG1712. Bid online December 1 - 4. 10% Buyer's Premium. Subject to the final bid at the online auction and auction terms.
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.
