2547 Wilmhurst Rd Deland, FL 32720
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About this home
This charming 3 bedroom, 2 bath home is located on 0.36 acre lot with a 12 x 32 WORKSHOP. Bring your RV, Boat and other recreational toys to this quiet Glenwood area with NO HOA. Maybe you have been looking for a property that you can raise chickens this 01R4 Zoning allows that. The heart of the home has a beautiful kitchen complete with granite countertops, mosaic black splash, and stainless steel appliances. Sit and enjoy conversation around the breakfast bar or the quaint dinette area. This home could serve as a perfect multi-generational home. A formal living-dining room combination with a split plan with primary on one side and French doors accessing the Florida room, while on the other side of the home there are 2 additional bedroom just off the family room with French doors that lead out to Florida room, and has additional storage with beautiful hardwood built in lower cabinets. There is wood laminate floors through out the home, with tile in the wet areas. There is indoor outdoor carpet in the 10 x 28 Florida room. The laundry room in inside. From the Florida room step out to a screened in 7 x 27 back porch. ROOF 2022, NEW WATER HEATER 2025, AC SYSTEM with ultra-violet light to inhibit allergens 2011. Double pane low E Argon Gas Windows, Leaf Guard system on gutters. Electric in the Workshop
Source: STELLAR #V4945802
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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.
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