Coastal Charm Meets Modern Living - Just One Block from the Beach! Welcome to this beautifully updated 4-bedroom, 2-bath home nestled in a prime beachside location in Port Orange—south of the Dunlawton Bridge, just steps from the Halifax River and world-famous Daytona Beach. With a neutral coastal color palette and tropical, low-maintenance landscaping, this home offers the perfect blend of relaxed beach living and modern comfort. Step inside to discover a thoughtfully renovated interior featuring tile throughout the entire property and luxury vinyl flooring in the primary suite, wainscoting accent walls, and stylish new doors and fixtures throughout. The heart of the home is the stunning chef-inspired kitchen, complete with custom cabinetry, quartz countertops, and abundant storage and prep space—perfect for entertaining or everyday living. Right off the kitchen, the inviting dining room provides a seamless flow for gatherings and meals, enhanced by an additional refrigerator and a built-in cabinet/countertop area that's perfect for a coffee bar or wet bar setup. The spacious family room invites you to unwind with its cozy electric fireplace and designer accent wall, while the expansive second-level primary suite offers a private retreat with a wall of closets, private bathroom, and your own balcony overlooking the river. Enjoy the outdoors in your fully fenced, partially shaded yard with an above-ground pool - an ideal placeholder for a future in-ground pool. A matching shed offers extra storage while complementing the home's aesthetic. Additional updates include a new roof (2023), hurricane-rated double-hung windows (2020), and a new water heater (Aug 2024) for peace of mind. This move-in-ready home offers the beachside lifestyle you've been dreaming of. Don't miss your chance to own this slice of paradise!
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.
