Experience modern living in this 2022-built residence, nestled on a quiet interior lot within the centrally located Pine Grove community of Palm Coast. This Destin model by D.R. Horton features a sprawling, open-concept floor plan characterized by high-end finishes, custom cabinetry, cement board siding & a rare 3 CAR GARAGE. The heart of the home is a kitchen designed for the culinary enthusiast, complete with massive prep island, sleek granite countertops, crisp white maple cabinetry, deep walk-in pantry, and stainless steel appliances. Adjacent to the main living area, a dedicated home office or “fourth bedroom” behind elegant French doors provides the perfect quiet retreat for remote work or a creative studio. The thoughtfully designed split-bedroom layout ensures maximum privacy for residents and guests alike. The primary suite serves as a luxurious escape, while a secluded rear guest bedroom with its own adjacent full bathroom offers an ideal setup for visitors. High-quality tile flooring flows through all high-traffic areas, leading you to triple glass patio doors that open onto a serene covered lanai. Outside, the nearly quarter-acre FULLY FENCED lot provides a generous canvas for your dream outdoor oasis or a future pool. Exceptional bonus features include a rare 3 CAR GARAGE, with hanging metal shelves and built in cabinets already installed for even more storage, an indoor laundry room, and the peace of mind that comes with energy-efficient newer construction. Located just minutes from the vibrant Town Center, championship golf, and the pristine "cinnamon sands" of Flagler Beach, this home offers the quintessential Florida lifestyle. Often called Florida’s "Quiet Coast," Palm Coast is a master-planned community with NO HOA or CDD fees, that balances modern suburban convenience with a deep-rooted appreciation for the outdoors. Nestled between the historic charm of St. Augustine and the high-energy pulse of Daytona Beach, this city offers a lifestyle that feels both secluded and perfectly connected. The area boasts miles of waterways, pristine beaches, world class golfing, over 40 parks and preserves, plus more than 125 miles of interconnected biking & hiking trails.
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.
