2741 Turnbull Estates Dr New Smyrna Beach, FL 32168
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About this home
Welcome to this beautiful custom-built 3-bedroom, 2-bathroom home located on The Preserve at Turnbull Bay, with beautiful views of the golf course. This home offers an updated kitchen that is the heart of the home featuring granite countertops, including an oversized kitchen island, an abundance of cabinet space, and newer stainless-steel appliances, perfect for home chefs and gatherings. Natural gas tankless hot water heater. You will never have to worry about power outages with the peace of mind provided by your own natural gas Generac home generator. New roof installed in 2016. Hurricane shutters on most windows and front door. Feel secure with an owned ADT home security system that is professionally installed and monitored. Enjoy year-round swimming in your newly built private, heated, saltwater pool, ideal for relaxation and entertaining guests on your screen enclosed lanai. Located just a short drive from the beach, you'll have easy access to all the sun, sand, and surf New Smyrna Beach has for your enjoyment, along with close proximity to local shops, restaurants, parks, and more – everything you need for an active, coastal lifestyle. Don’t miss your chance to make this incredible property your new home!
Source: STELLAR #NS1086270
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.