3078 Silvermines Ave Ormond Beach, FL 32174
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About this home
This is an amazing home on the golf course with all the privacy you need on this quiet street! Plenty of sidewalks and an olympic size community pool, this Halifax Plantation neighborhood is well established. A solid block home with a three car garage and ample parking for guests in the driveway, welcome home! As you enter, notice the closet to the right, great for shoes and jackets. This home is an open concept with high ceilings, plenty of windows for natural light, a kitchen with granite countertops, soft closed drawers, and a kitchen island (9x4) great for eating and entertainment alike. The primary bedroom has recessed ceilings, its own bathroom, double granite sinks and a huge walk in closet! (8x12) Great to know, the primary bedroom is on the opposite side of the house from the other two bedrooms. Recently the garage floor has been redone. For your convenience the kitchen has easy access to the garage and is near the laundry room with an updated washer/dryer. The backyard backs up to the fabulous golf course with space to add a swimming pool! This home is within a 5 min drive to the I-95 hwy and 3mins to the Bulow Creek State Park (nearly 5,600 acres -nature preserve) This home is completely turnkey and updated; great for snowbirds, large family or an investor! All information recorded in the MLS intended to be accurate but cannot be guaranteed.
Source: STELLAR #FC313426
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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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