3009 Anchor Dr Ormond Beach, FL 32176
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About this home
Exclusive Ormond-By-The-Sea beach home located peninsula side within walking distance to the beach and intracoastal! Be within a 10 min drive to Flagler Beach, 12 mins to Daytona and just 5mins to Bulow Creek state park! (nearly 5600 acres) The location is great for fishing in the inlet and beach days swimming and surfing at the Beach! (Ormond Beach no drive zone) As you enter the home, notice the open concept with natural light and the spacious design. Few and far between, this 4 bedroom home has updates with windows, floors and kitchen appliances. Well kept and ready to move in, this beach side bungalow has over 1700 sqft, reverse osmosis water system and an oversized garage, sauna and rustic tool shed. The primary bedroom is oversized (nearly 25ft long) with its own private bathroom. Both bathrooms have been updated as well. The backyard is fenced in for your dog and the screened patio is great for entertainment. The backyard is waiting for your barbecue/ grill and gardening skills. This home is great for a growing family or a couple needing more space. Buyers! The sellers will help with closing costs. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
Source: STELLAR #FC312185
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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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