30 Westminster Dr Palm Coast, FL 32164
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About this home
**3.75% ASSUMBALE MORTGAGE** This home has over 2,000sf of living area and the most functional floor plan on the market! Check out the 2D floor plan – the back room can be used as a HUGE 4th bedroom, playroom, game room, office, or even just a second living room. As you walk in the front door you’ll find an indoor/outdoor space that could be a super unique greenhouse/plant room! Primary suite is large and has an updated full bathroom with custom walk-in tile shower and walk-in closet. Two of the guest bedrooms are down the hall, one of which offers a large walk-in closet. Partially updated FULL second guest bathroom is down the hall. Main living room is located in the center of the home and has a gorgeous brick fireplace and hearth, vaulted ceilings, and wood beams. Off the kitchen is a separate but open dining room. The kitchen has TONS of cabinetry and counterspace, granite countertops, newer stainless-steel appliances, roll out lower cabinet drawers, and a breakfast bar that seats 3-4. Food pantry is built-in and located between the kitchen and dining rooms. Custom lighting throughout combined with tons of natural light. This almost quarter-acre lot is larger than you usually find in Palm Coast and is fully fenced with white vinyl fencing. Newer shed in the back yard. Whole home gutter system. Roof 2021, HVAC 2021, water heater 2025. Washer and dryer will convey. No flood zone. The W section is a well-established area located near the Pine Lakes golf course and is just a short walk to the walking trail. All information and room sizes in this listing are intended to be accurate but cannot be guaranteed. Buyers and agents are always encouraged to perform due diligence.
Source: STELLAR #V4945354
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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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