Welcome to this beautifully upgraded 3-bedroom, 2-bathroom home offering a timeless look that blends classic design with modern comfort. From the moment you step inside, you’re greeted by soaring 10-foot ceilings and custom 8-foot solid wood doorways throughout, setting the tone for the high-end finishes and thoughtful details you simply won’t find anywhere else. The chef’s kitchen is both beautiful and functional, featuring custom 42” wood cabinetry with pull-out drawers, quartz countertops, and stainless steel appliances. An electric cooktop, wall oven and microwave, and thoughtful storage make this kitchen perfect for everyday living and entertaining alike. The laundry room continues the upscale finishes with a laundry sink and quartz countertops. The primary suite is generously sized and offers a large walk-in closet, double vanity, new toilets, and a fully remodeled spa-like shower. Bedrooms two and three share a Jack-and-Jill bathroom, one featuring an oversized walk-in closet. Major updates provide peace of mind, including a new roof (2021), new A/C (2021), new garage door with springs, cables, and rollers (2022), new modern front door and entryway, and fresh interior and exterior paint. There are truly no big expenses on the horizon — just move in and enjoy. Step outside to a large screened-in patio overlooking a backyard oasis filled with fruit trees and bushes, all supported by a private well-fed irrigation system for incredibly low water bills. There is also additional living space under air, perfect for a flex room, office, or bonus space. Located in the desirable Quail Lake community within DeBary Golf & Country Club, residents enjoy access to a community pool, Quail Lake, and endless outdoor fun. You’re just 2 miles from sought-after DeBary Elementary School, 4 miles to Highbanks Marina on the St. Johns River, minutes from the DeBary DINO Park and splash pad, and only 5 miles to the SunRail station — offering an easy commute without the stress of I-4. Schedule your showing today! This home may be under audio or visual surveillance.
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.
