Welcome to 73 Pergola Place in the highly desirable Hunters Ridge community of Ormond Beach! Built in 2017 and beautifully maintained, this 3-bedroom, 2-bath home offers modern construction, comfortable living spaces, and a peaceful setting just minutes from everyday conveniences. Step inside to a bright, open layout featuring a spacious living and dining area that connects to the kitchen. The kitchen offers ample cabinetry, generous counter space, and a functional design perfect for meal prep and entertaining. Large windows throughout the home invite natural light, creating a warm and inviting atmosphere. The primary suite provides a quiet retreat with a sizable walk-in closet and an en-suite bathroom complete with a dual-sink vanity and walk-in shower. Two additional bedrooms are well-sized and share a full bathroom, giving everyone their own space. With 1,537 square feet of heated living area, the floor plan is designed for both functionality and comfort. Step outside to enjoy your private backyard patio—ideal for morning coffee, grilling, or unwinding in the evenings. The finished 441-sq-ft garage offers excellent storage space and flexibility for vehicles, hobbies, or workspace needs. The home’s concrete block construction, hip roof, and asphalt shingle covering provide durability and peace of mind. Residents of Hunters Ridge enjoy access to community amenities, including swimming pools, trails, parks, clubhouse facilities, and beautifully maintained landscaping. The neighborhood is known for its natural surroundings, wildlife, and nearby preserved areas, offering a sense of calm while still being close to shopping, dining, schools, and medical facilities. Ormond Beach itself is a true coastal treasure—offering pristine beaches, waterfront parks, walking paths, golf, boating, fishing, and year-round outdoor activities. With easy access to I-95 and US-1, commuting is convenient, and the area’s top attractions are just a short drive away. If you’re looking for a well-kept, move-in-ready home in a peaceful community with low-maintenance living, 73 Pergola Place is an excellent opportunity. Schedule your private showing today and experience the comfort, convenience, and natural beauty this home offers.
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.
