Welcome home to 2286 Hawks Cove Circle in the Hawks Cove community of New Smyrna Beach. Overlooking a peaceful pond with calming water views, this 2 bedroom, 2 bathroom home with a den and additional sitting area offers flexible living space and a relaxed coastal lifestyle. For buyers searching for homes for sale in New Smyrna Beach with water views and close proximity to the beach, this property combines location, comfort, and value. Inside, vaulted ceilings and skylights fill the home with abundant natural light, creating an open and airy feel throughout the main living areas. The thoughtfully designed layout includes a flex room that can easily function as a third bedroom, office, or hobby space, along with an additional sitting area that adds even more versatility. The kitchen features granite countertops, wood cabinetry, and generous storage, blending style with everyday functionality. Both bedrooms are spacious and include walk in closets, providing ample storage throughout the home. Additional storage areas and a two car garage add further convenience. The screened porch overlooks the pond, offering a peaceful outdoor space to relax, enjoy morning coffee, or take in the tranquil water views. Hawks Cove offers a laid back coastal setting with a community pond and dock, providing a scenic place to enjoy the outdoors. With the HOA handling exterior maintenance and the roof, you can spend more time enjoying the beach and less time on upkeep. The location is also convenient to daily essentials and local attractions. Publix shopping is nearby, and Interstate 95 is just minutes away for easy commuting. From here you are less than 10 minutes from the galleries, dining, and waterfront parks along Canal Street Historic District and the shops, restaurants, and beach access near Flagler Avenue. If you have been searching for a lakefront home in New Smyrna Beach with flexible living space, natural light, and close proximity to shopping, dining, and the beach, 2286 Hawks Cove Circle offers a comfortable way to enjoy the New Smyrna Beach lifestyle.
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.
