Welcome to 315 Sweet Bay Avenue, tucked inside one of New Smyrna Beach’s most sought-after golf and country club communities. This is more than a home—it’s a story of design, space, and lifestyle. From the moment you step inside, mid-century modern character unfolds through a multi-level floor plan, soaring ceilings, and exposed architectural beams that create volume, warmth, and unmistakable style. The open-concept living spaces are designed for entertaining, flowing seamlessly into a modern chef’s kitchen where form meets function. Rich wood flooring runs throughout, complemented by outdoor balconies and multiple gathering spaces, offering room for everyone to relax, connect, or retreat. The main level features four spacious bedrooms and two bathrooms, delivering effortless everyday living. Downstairs, the home reveals its most compelling surprise: a fully independent second living space complete with two additional bedrooms, a dining area, and a full bathroom. Whether used as a guest suite, private in-law quarters, rental opportunity, or the ultimate den for family, the flexibility here is exceptional. An oversized garage and dual driveways provide abundant parking—perfect for gatherings, toys, and everything coastal living brings. Residents have the option to join Sugar Mill Country Club, enjoying access to premier amenities including golf, tennis, a driving range, resort-style pool, and an inviting country club restaurant. All of this just 10 minutes from the beach and historic downtown New Smyrna Beach, and 20 minutes from Daytona Beach Airport. 315 Sweet Bay Avenue is timeless, flexible, and elevated—a home that adapts to your lifestyle and grows with your vision. This is mid-century modern living, reimagined for today.
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.
