This home was built in 2023 and has been Owner occupied until just recently and is kept METICULOUS! ASSUMABLE 4.99%! INSULATED GARAGE DOOR, WATER SOFTENER, FAUX WOOD BLINDS, CEILING FANS AND ALL APPLIANCES ALREADY INCLUDED! Come see this BEAUTIFUL, well appointed home with an OPEN FLOOR PLAN, a HUGE KITCHEN PANTRY, LARGE MASTER BEDROOM AND BATHROOM and a back lanai and yard with a VIEW to die for LOOKING AT NOTHING BUT FOREST AND TREES! The home sits backing up to BEAUTIFUL TREES AND VIEWS OF THE FOREST and can be seen from almost every space in the home! NO FRONT OR REAR NEIGHBORS! This home and home site are so very private and set in a CUL-DE-SAC with BEAUTIFUL FOREST OF TREES OUT FRONT as well. IT FEELS AS THOUGH YOU HAVE ESCAPED TO A CABIN IN THE WOODS with the TREES SURROUNDING THE HOME ON NEARLY ALL SIDES with such quiet breezes rustling through the trees and the occasional sounds of birds chirping. Walk out your front door on to a BEAUTIFUL TRAIL to take in a quiet stroll. The home is also offering a SAFE HAVEN SMART HOME system which allows you to run the front door lock, thermostat and porch light from your phone, keyless entry into the home and garage, garage floor has been finished with epoxy, attic has plywood for storage. HOA FEES INCLUDE CABLE, INTERNET, IRRIGATION WATER AND SPECTACULAR RESORT STYLE AMENITIES such as MULTIPLE POOLS, FITNESS CENTER, CLUBHOUSE, PLAYGROUNDS, PICNIC AREAS, SAND VOLLEYBALL AND SO MUCH MORE! The elementary school is located just across the street and the home is in a wonderful location just 25 MINUTES TO THE BEACHES, 10 minutes to downtown Deland and 5 minutes to Ivey Hawn Charter School as well as grocery, shopping, restaurants and so much more! This home is tucked away in a quiet, upscale and beautiful area with small shops just down the street but yet located close to major roadways to give quick and easy access to anywhere you want to go including the DISNEY and UNIVERSAL attractions! Come see this home in its excellent condition and stunning location because it will not last!
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.
