2122 King Richards Ct Orange City, FL 32763
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About this home
NEW ROOF IN JANUARY 2025. ASSUMABLE 2.5 MORTGAGE PERFECT FOR BUYERS WITH CASH TO PUT DOWN & ASSUME. Simply Amazing Opportunity to become the new owner of this charming home nestled in the heart of the Sherman Oaks community. Open & Spacious Layout with Abundant Natural Light. You can feel loving warmth the moment you walk in the front door from layout that allows natural light in every room. Large Custom Ceramic Tile throughout gives home clean feeling with positive vibes. Tile so beautiful you can see yourself! Gourmet Eat in Kitchen is Home Chefs dream with Quartz countertops, breakfast bar and walk in pantry. Elegant Formal Dining Room combined with Living Room and Vaulted Ceilings creates ultra spacious atmosphere. Split bedroom plan offers residents their own privacy outside of main rooms. Large master bedroom with vibrant light from window that overlooks backyard. Master bathroom offers dual sinks, quartz countertops, walk-in closet and beautifully remodeled walk-in shower. Window above sinks nice touch as appears like a rectangular skylight. Two bedrooms located on the other side of the home with the second bathroom (also remodeled) in between. One of the best features of this home is the floral lanai that leads out to the backyard and beckons ultimate relaxation. Completely enclosed with windows that open with screens. Backyard is natural mecca with small outside kitchen and place to kick back and enjoy the outdoors. NO Rear Neighbors as tranquil retention pond in back enhance overall privacy. Awesome location with restaurants and shopping right around corner as well as Downtown Deland and Blue Springs State Park where the manatees roam. Close to the Sun Rail Station and major thoroughfares like I-4, SR 44 and 17-92 that take you from Central Florida all the way to the East Coast. This is one of the cleanest and well-designed homes you will find with pride of ownership throughout. Prepare to be Impressed!
Source: STELLAR #O6269597
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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.