Fully remodeled 3 bedroom and 2 full baths located in the heart of Daytona Beach, this property offers an exceptional opportunity to enjoy convenience, accessibility, and the vibrant Florida coastal lifestyle all in one location. Positioned near Orange Avenue and just minutes from major thoroughfares including US-1, International Speedway Boulevard, and Interstate 95, the home provides quick access throughout Daytona Beach, Orlando, and surrounding Central Florida destinations. One of the area’s strongest advantages is its close proximity to Daytona’s growing entertainment, shopping, dining, and beach districts while still maintaining the feel of an established residential neighborhood. Residents enjoy being only a short drive from the world-famous Daytona Beach shoreline, the Daytona International Speedway, Embry-Riddle Aeronautical University, and Daytona State College, making the location attractive for homeowners, commuters, students, and investors alike. Shopping and entertainment options are abundant nearby, including Shoppes at ONE DAYTONA, Tanger Outlets Daytona Beach, and Ocean Walk Shoppes, offering retail, restaurants, nightlife, fitness, and entertainment all within a convenient drive. Dining options throughout the area include local favorites such as Dino’s Bar & Grill, Farm to Fit, Soul Foods, and Sauté Kingz By Chef Count, giving residents a wide variety of casual dining, local cuisine, and social destinations nearby. Families appreciate access to nearby schools including Turie T. Small Elementary School, Campbell Middle School, and additional educational opportunities throughout the Daytona Beach area. Outdoor enthusiasts benefit from close proximity to beaches, parks, riverfront activities, boating, and year-round recreation opportunities that define the Daytona lifestyle. The property’s location also offers outstanding commuter convenience with Interstate 95 only minutes away, creating efficient travel to Orlando, Jacksonville, and other major Florida destinations. Combining central location, beach accessibility, nearby universities, shopping, dining, and strong transportation access, this property presents an excellent opportunity for buyers seeking affordability, convenience, investment potential, and the energetic lifestyle that makes Daytona Beach one of Florida’s most recognizable coastal communities.
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.
