Escape the ordinary and discover true Florida country living on this stunning 5-acre estate in the heart of Flagler County. This spacious custom home offers the perfect blend of comfort and privacy with no HOA or CDD fees. It’s perfect for setting up your personal homestead with a garden enclosure and pole barn already in place. You have plenty of room for chickens and to park your RV or boat. The sweeping circular driveway welcomes you to the private yard where you'll feel the sense of space and serenity that defines this one-of-a-kind property. The new carport with Shark Coating parking pad and sidewalks invite you to the huge, wrap-around porch; the perfect spot to enjoy your morning coffee while listening to the birds. The large, open-concept living room features high ceilings, a cozy fireplace, flanked by built-in shelving and storage. It is connected to the beautiful kitchen featuring a large island, solid wood cabinets, stainless steel appliances including a built-in refrigerator, propane cooktop, built-in oven and microwave. The walk-in pantry gives you the space you need to stay organized. The generous primary suite offers a true retreat, complete with a spacious walk-in closet and a well-appointed ensuite bath with split, dual vanities, a soaking tub, separate shower, and a water closet for privacy. On the other side of the house, bedroom 2 has a walk-in closet and an adjoining Jack-and-Jill style bathroom, that opens to the bedroom and the hallway, for easy access. Bedroom 3 has an ensuite bathroom, that doubles as a pool bath, with a door to the lanai. Upstairs you will find a large bonus room perfect for a home office, gym, movie theater, crafts or extra bedroom. It has a storage area and a half bath. The large, covered lanai can be easily accessed from the living room, kitchen, primary bedroom and pool bath. It is anchored with beautiful brick pavers surrounding the inground saltwater pool and spa. The screen enclosure keeps the bugs at bay but still allows a sweeping view of the large back yard. The pool has a solar heating system, with backup electric, or propane options. The property has two wells, one for water for the house and one for the irrigation system with components located in the charming pump house. The home boasts a metal roof, gutters, a rain barrel, and a storage room on the front porch. Tucked away on a quiet lane yet conveniently accessible via SR-100 and County Roads 302 and 305, this property offers the seclusion you crave with easy access to shopping, dining, and the beautiful beaches of Flagler County.
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.
