Adorable and full of character, this 4-bedroom, 2-bath home is nestled on a rare lot in the heart of New Smyrna Beach, where the Arts Overly District, Historic District and R5 Zoning for Bed and Breakfast District converge offering a unique blend of charm and opportunity. This property is as versatile as it is picturesque. Surrounded by mature, plush landscaping that enhances its Southern appeal, the home welcomes you with timeless curb appeal and inviting porches that evoke classic Florida living. Inside, recent restorations to the first-floor bathroom and chef-style kitchen—including new custom tile and appliances—bring modern comfort while preserving the home’s historic charm. Original hardwood floors stretch across the entire floor plan, adding warmth and character to every room. The first floor living room anchored by a cozy brick wood-burning fireplace and lead seamlessly to a separate dining area, updated kitchen, a full bath, and one of the four bedrooms. Upstairs, you'll find the remaining bedrooms, each offering privacy and charm. Both the front and back porches have been enhanced with new wood decking creating wide, welcoming spaces ideal for basking in warm sunrises with your morning coffee or unwinding with a sunset cocktail. Additional updates include Anderson windows, storm doors, and a new A/C system. The spacious backyard has been thoughtfully cleared to allow for additional access and features a relaxing hot tub surrounded by mature landscaping. Just moments from all that New Smyrna Beach is known for—including dining, shopping, Riverside Park, the Brannon Center, and the sparkling Atlantic shoreline—this home is a rare opportunity to own a piece of history with modern comforts in one of the city’s most desirable districts. Schedule your showing today and experience the charm for yourself.
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.
