Welcome to 5 Serenity Place in beautiful Palm Coast, where modern upgrades meet thoughtful design in this fully remodeled concrete block 4 bedroom split floor plan home. NO HOA! Upon entry, you are immediately greeted by impressive vaulted ceilings and a light, bright open feel that makes this space truly grand. Natural light pours in, highlighting the cohesive finishes and drawing your eye straight to the true centerpiece of the home, the NEW magazine-worthy showcase kitchen. Designed to impress and built for function, it features sleek NEW high-end espresso wood cabinetry, beautiful NEW premium Calacatta quartz countertops, stainless steel appliances, and an incredible double island layout. One island is ideal for prep and entertaining, while the second offers dedicated bar stool seating, creating a natural gathering space. The kitchen also boasts DUAL sinks and DUAL pantries, delivering exceptional storage and convenience that you typically never see at this affordable price! All MAJOR mechanical upgrades provide long-term peace of mind, including a NEW HVAC system installed in 2024, a newer 30-year architectural shingle roof from 2023, and a NEW hot water heater in 2025. Throughout the home you will find NEW luxury vinyl plank flooring, fresh interior and exterior paint, NEW baseboards, updated plumbing fixtures and so much more! The spacious primary suite offers privacy and comfort, His and Hers walk-in closets, and separation from the secondary bedrooms thanks to the split floor plan layout. Both full bathrooms have been beautifully updated to reflect the same clean, modern aesthetic carried throughout the home. Step outside to the oversized screened-in patio, thoughtfully offset to maximize the usable backyard space. This design allows the full yard to be enjoyed for entertaining, gatherings, or even the future installation of an in-ground pool. With a rare 300-foot reserved buffer area behind the property, you will enjoy exceptional privacy and a peaceful natural backdrop. Hurricane shutters are also included for added protection. This home delivers vaulted ceilings, a true statement kitchen, major system upgrades, and a backyard designed for possibility, all in a move-in-ready package.
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.
