Don’t miss this rare opportunity to own a beautifully remodeled home in Sweetwater Hills of Port Orange. Every detail is meticulous. Upon arrival you can't help but notice the curb appeal with fresh exterior paint and a long driveway framed by new landscaping to the elegant brand new fiberglass front door with window. Inside, the brand-new gourmet kitchen shines with stylish cabinets, a large breakfast island with a waterfall edge countertop, stainless steel oven, Bosch dishwasher, stainless steel refrigerator, an eat-in area, and a custom beverage nook perfect for that morning coffee or that evening glass of wine. Fresh interior paint, skylights, and soaring ceilings with classic wood beams create a warm, inviting family room featuring a wood-burning fireplace and newly installed French doors that open up to the fenced backyard. The spacious primary bedroom is filled with natural light and can easily fit a king-sized bed, while the sleek modern primary bathroom impresses with double vanities and a standing shower and new tile floors. Luxury vinyl floors run throughout the main living areas of the home for a seamless look. The backyard is perfect for summer BBQs with its canopy of trees and fresh landscaping and views of the sunset. A new roof was installed in April 2024, and the A/C is from 2019. The oversized two-car garage has a freshly painted floor, a large laundry station, mud sink, folding table, and a workbench area. This home sits on a high and dry lot and not in a flood zone. Zoned for Spruce Creek High—Go Hawks!
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.
