1096 Cades Cove Way Deland, FL 32720
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About this home
Welcome to your new home! This beautiful 3 bed, 2 bath single-story built in 2021 and has everything you need from comfortable to modern living. Located in the quiet and friendly Lincoln Oaks community, this home offers an open floor plan that’s perfect for relaxing or entertaining. The bright living area flows right into the kitchen and dining space, making it easy to spend time with family and friends. You’ll love the stylish finishes, luxury vinyl flooring and the spacious two-car garage. Outside, enjoy a nice-sized yard, easy-to-maintain landscaping, and plenty of room for pets, a garden, or weekend barbecues. The home sits on a peaceful street with that neighborhood feel everyone’s looking for. You’re just a few minutes from Downtown DeLand, where you’ll find great local restaurants, shops, and entertainment. Plus, with easy access to main roads, it’s a quick drive to Orlando, Beach, and everything Central Florida has to bring. Whether you’re buying your first home, downsizing, or just looking for a place that’s move-in ready, this home is a perfect fit. Come see why life in Lincoln Oaks feels just right! Schedule a tour today!
Source: STELLAR #O6356401
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.