1610 S Palmetto Ave Apt 4 Unit 4 South Daytona, FL 32119
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About this home
Great News! This home will be FHA eligible starting October 24, 2025. Welcome to 1610 S Palmetto Avenue #4, a charming two-story townhouse in the heart of South Daytona. This beautifully updated residence offers the perfect balance of comfort, style, and convenience, making it an ideal place to call home. Inside, you'll find two spacious bedrooms with generous closet space, along with one and a half baths designed for everyday ease. The modern kitchen along with the half bath are adorn with granite countertops. The bright, open-concept living and dining area creates a warm and inviting atmosphere, while a private outdoor patio provides the perfect setting for relaxing or entertaining guests. With two levels of living, the layout offers both privacy and functionality, complemented with an assigned resident parking for added convenience. The community itself is well cared for, with exterior walls, roofing shingles, paint, lawn care, and grounds maintenance all included in the HOA dues. Its desirable location places you just blocks from the Intercoastal Waterway, less than ten minutes from the beaches, and within easy reach of Embry Riddle, Daytona Speedway, shopping, dining, and major highways, ensuring that everything you need is close at hand. This South Daytona townhouse is move-in ready and perfectly situated to enjoy the best of Florida living, from coastal breezes to city conveniences. Schedule your private showing today!
Source: STELLAR #V4944955
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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.