1421 Margina Ave Daytona Beach, FL 32114
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About this home
Savor the Florida lifestyle in this charming three-bedroom pool home with a party deck, perfect for entertaining! The spacious, open floor plan flows seamlessly from the living room to the covered patio, where you can relax with a view of the sparkling pool. Whether you're hosting friends or enjoying a quiet evening, this home offers the best of both worlds. Start your mornings on the oversized screened front porch—the ideal spot for coffee and quiet time. The kitchen features a breakfast bar for quick bites, plus easy garage access to make unloading groceries effortless. The dining area opens to a cozy living room anchored by a warm brick fireplace—an inviting centerpiece for family gatherings. The primary suite includes twin closets and a private bath, while the additional bedrooms offer plenty of space for guests or a home office. One of the best things about this home? It’s an opportunity to make upgrades as you go—with plenty of potential for customization and your vision. The affordable price means you can buy into the Florida lifestyle without stretching your budget. Fairway Estates is perfectly located near shopping, dining, schools, golf, and just minutes from the World's Most Famous Beach. This home is full of character and ready for you to make it your own—don’t wait, this one won’t last!
Source: STELLAR #V4944926
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Close stress-free in 45 days, handled start to finish by Roam.
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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.