1069 River Otter Way Deland, FL 32720
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About this home
MOVE-IN READY 4-BEDROOM, 3-BATHROOM HOME IN HIGHLY DESIRABLE DELAND COMMUNITY This BEAUTIFULLY UPGRADED RESIDENCE combines MODERN LUXURY, FUNCTIONAL DESIGN, and ENERGY-EFFICIENT FEATURES in one of DELAND’S MOST SOUGHT-AFTER LOCATIONS. Step inside to discover SOARING CEILINGS, an OPEN-CONCEPT FLOOR PLAN, and ABUNDANT NATURAL LIGHT that create a bright and welcoming living space. The MAIN LIVING AREAS are adorned with DURABLE LUXURY VINYL PLANK FLOORING, providing both style and practicality for everyday living. The GOURMET KITCHEN is a true centerpiece, featuring QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, and AMPLE CABINET AND COUNTER SPACE perfect for casual meals or hosting gatherings. The PRIVATE OWNER’S SUITE offers a tranquil retreat, complete with a CUSTOM WALK-IN CLOSET and a SPA-LIKE BATHROOM boasting DUAL VANITIES and UPSCALE FINISHES. Upstairs, a SPACIOUS LOFT provides versatile options for a MEDIA ROOM, HOME GYM, OR PLAYROOM, while THREE ADDITIONAL BEDROOMS ensure comfort for family or guests. On the main floor, a DEDICATED FLEX ROOM with access to a FULL BATHROOM is ideal for a HOME OFFICE OR GUEST SUITE. Step outside to enjoy the SCREENED-IN PATIO and FULLY FENCED BACKYARD with NO REAR NEIGHBORS, creating a private oasis for outdoor living. The TWO-CAR GARAGE features MARBLE EPOXY FLOORING for a clean, polished look. This home also comes equipped with FULLY OWNED SOLAR PANELS for significant long-term savings and ENERGY-EFFICIENT CONSTRUCTION to help lower monthly utility costs. Located just minutes from STETSON UNIVERSITY, DOWNTOWN DELAND, I-4, SHOPPING, DINING, PARKS, AND TOP-RATED SCHOOLS, this home offers exceptional convenience. With a MOTIVATED SELLER and a RECENT PRICE ADJUSTMENT, this is a rare opportunity to own a MOVE-IN READY HOME in a PRIME FLORIDA LOCATION. Don’t miss out!! SCHEDULE YOUR PRIVATE TOUR TODAY and see why this property is the perfect choice for your next home!
Source: STELLAR #O6248374
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.