1200 Canopy Walk Ln Apt 1223 Unit 1223 Palm Coast, FL 32137
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About this home
Welcome Home! If you're looking for AFFORDABLE waterfront living in an intracoastal GATED community, look no further! NEW A/C unit/compressor. BRAND NEW Luxury Vinyl Plank Flooring! BRAND NEW Stainless steel appliances! Located in the desirable Canopy Walk! Elevator equipped! LARGE oversized garage for vehicle & extra storage! This beautiful condo has a spacious floor plan with 2 large bedrooms & 2 spacious bathrooms! Upon entering, you'll notice the beautiful flooring seamlessly flowing throughout. Beautiful kitchen with spacious countertops, abundance of cabinetry! Large living room, perfect for entertaining. Walk through the sliding doors to your very own screened in Lanai overlooking the fountain & mature oak trees! The Canopy Walk community is in a league of its own! In total there is 53 acres of outdoor living to enjoy! Clubhouse with a gym, large pool & hot tub! The community is quiet, well maintained, directly on the intracoastal waterway with a private marina, dock & gazebo. Lush landscapes, dozens of walking/bike paths connecting to the Palm Coast trail system! It's a beautiful, short 5 minute walk to European Village, great restaurants, shopping, boutique shops, and live music! Furniture available & negotiable! This condo truly has it all! Square footage received from tax rolls. All information intended to be accurate but cannot be guaranteed.
Source: STELLAR #FC306336
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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.