A Perfect Florida Lifestyle home located in the beautiful Debary Golf & Country Club community. This gorgeous 4-bedroom, 3-bathroom pool home combines the perfect blend of elegance and casual comfort, nestled on a spacious lot. As you enter through the leaded glass double doors, you'll be greeted by the grand foyer which leads you into the open-concept formal living area. To the left is the oversized Master suite. The Primary suite is a serene retreat, complete with a luxurious bathroom that includes a custom designed walk-in shower, double vanities and right outside the bathroom is a large walk-in closet. Two additional bedrooms are located to the right of the living/dining room with a Jack and Jill en-suit bath. The bed and baths were designed to be in separate locations within the home, offering privacy to family or guests. A little further in you will get to your updated, oversized kitchen with features including maple cabinetry, a center island, spacious pantry, and top-of-the-line, New Stainless appliances. The kitchen overlooks the sunlit family room which is flooded with large windows letting in lots of natural lighting and a gas fireplace creating an inviting cozy atmosphere. Adjacent to the family room is the fourth bedroom and third bath as well as a separate door which allows easy access to the pool/backyard. You can also access your backyard oasis through the sliding glass doors off of the family room. The impressive outdoor space features an oversized covered and screened-in patio leading to your swimming pool and spa. The backyard oasis also includes a summer kitchen with a custom built-in outdoor grill allowing you to enjoy the Florida sunshine lifestyle. This is a move-in ready home with AMAZING options including high-ceilings, crown molding throughout, a NEW General 22kw generator, a 2-car side entry garage and a HEATED POOL so you can enjoy your pool year-round while entertaining and relaxing in the pool. The DeBary Golf course community offers an array of available amenities and membership opportunities including a championship golf course, tennis courts, workout facilities and a clubhouse with amazing dining. Conveniently and quick access to I-4, shopping, restaurants, medical facilities, hospital, the Sun rail Station, St John's public boat ramp, biking trails and parks as well as top-rated schools.
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.
