Welcome to relaxed Florida living in the heart of the desirable Indian Trails subdivision of Palm Coast. This spacious 3-bedroom, 2-bath home offers over 2,300 square feet of thoughtfully designed living space with a highly desirable split floor plan that provides both comfort and privacy. At the heart of the home, one of the favored spaces is the more than 400 square feet of light-filled living space overlooks the backyard through an abundance of windows, creating a bright and airy atmosphere that feels both welcoming and serene. It can be used as both a family game room or an in-home office or fitness room. Possibilities are endless! Gorgeous tiled floors flow throughout the main living areas, enhancing the open feel and making everyday living and entertaining effortless. The home has seen numerous updates, including a new roof and fresh exterior paint in 2022, all new lighting throughout, a new stovetop, oven, and range hood, and brand-new carpet in two of the bedrooms & bedroom three installed in 2022. The primary suite is generously sized and features large walk-in closet, while the oversized in-home laundry room adds everyday convenience. Step outside to a fully fenced backyard ideal for pets, play, or simply enjoying Florida’s sunshine in privacy. Best of all, this property is not located in an HOA, meaning no additional fees and the freedom to truly make the home your own. Ideally situated on the north end of Palm Coast, you’ll enjoy easy access to shopping, dining, I-95, and everyday conveniences, with just a 20-minute drive to the historic charm of St. Augustine. Palm Coast is surrounded by over 70 miles of saltwater and freshwater canals, the Intracoastal Waterway, and is less than 10 miles from the sandy shores of Flagler Beach. The city also boasts a dozen beautiful parks, more than 130 miles of interconnected walking and biking trails, abundant fishing and boating opportunities, and world-class tennis and golf. Head south and you’re just 30 minutes from the excitement, entertainment, and beaches of Daytona Beach, giving you the best of multiple coastal lifestyles at your fingertips. Schedule a private tour to experience it for yourself. Visit the area as your opportunity to see why Palm Coast is truly a Florida paradise so many are proud to call home. (one of more of the photos have been virtually staged)
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.
