Experience modern elegance and resort-style living in this pristine 2022 concrete block home in Halifax Plantation! This four-bedroom, three-full-bath, two-car garage home spans 2,115 square feet of light-filled living space on a premium 75-foot-wide lot backing to protected lush vegetation, offering privacy and a serene backyard oasis. The open floor plan features 10-foot ceilings, curved archways, crown molding, 8-foot doors and abundant natural light. The primary bedroom boasts tray ceilings, adding an elegant touch to your private retreat. The kitchen is a chef's dream, featuring quartz countertops, a large island, and a spacious pantry, flowing seamlessly into the family and dining areas, ideal for entertaining or everyday living. All major appliances (dishwasher, microwave, cooktop, stove, washer, dryer and refrigerator) come with transferable protection plans, giving added peace of mind for busy households. Tile flooring flows through all main living areas, while bedrooms are carpeted for comfort. Baths feature upgraded vanities, fixtures and tile finishes. A dedicated laundry room with a window provides a pleasant view of the outdoors while keeping household tasks convenient and organized. The two-car garage includes a shark-coated floor. Outdoor living shines with a brick-paved screened lanai, extended patio and front porch, surrounded by tropical landscaping, privacy hedges and upgraded irrigation. Additional features include gutters, curbing, total home termite protection and a whole-home water filtration system. Halifax Plantation offers an unmatched lifestyle with an 18-hole championship golf course, 25,000-square-foot clubhouse, on-site pub and restaurant, fitness center, junior Olympic swimming pool, clay tennis courts, and miles of recreational and biking trails. Residents enjoy golf and sports memberships, vibrant social events and a strong sense of community. Just minutes from beaches, state parks and Interstate 95, this move-in-ready home combines modern elegance, functional upgrades and resort-style amenities ideal for families, entertainers or anyone seeking a private sanctuary in Ormond Beach. Shown by appointment only.
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.
