GET READY TO CELEBRATE YOUR NEW YEARS ON FLORIDA’S MOST FAMOUS BEACH—NOW MADE EVEN EASIER WITH A HUGE PRICE ADJUSTMENT! Discover your own slice of paradise in this beautifully maintained 3-bedroom, 2-bath home with an additional flex room—perfect for an office, den, or game room—located in the highly desirable Hunters Ridge community of Ormond Beach. Ideally situated just minutes from the iconic Daytona Beach, you’ll enjoy effortless access to world-class auto racing at the Daytona International Speedway, thrilling water sports like surfing and jet skiing, and the lively boardwalk and pier that make this coastline truly unforgettable. Step inside to a bright, open-concept floor plan enhanced by luxury vinyl plank flooring. The kitchen serves as the heart of the home, offering abundant cabinetry, generous counter space, stainless steel appliances, and a seamless flow that’s ideal for cooking, entertaining, and everyday living. The spacious primary suite provides a peaceful retreat featuring a large walk-in closet and a spa-inspired en suite bath with a walk-in shower and separate soaking tub. Outside, the home’s beautiful curb appeal and mature landscaping set the stage for your private, gated backyard oasis. Enjoy your covered lanai—perfect for morning coffee, evening relaxation, or hosting gatherings in comfort and privacy. Residents of Deer Creek at Hunters Ridge enjoy exceptional amenities including two resort-style pools, tennis courts, and scenic parks—all with a low HOA fee. Just minutes from Ormond Beach’s pristine shoreline and world-class fishing, this home delivers the perfect blend of comfort, convenience, and true coastal living. Whether you’re seeking a primary residence or the perfect vacation getaway, this home offers the lifestyle you’ve been dreaming of. Welcome to Florida’s Sun Coast Mile!
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.
