312 May St Orange City, FL 32763
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About this home
An exquisite property that feels like home the moment you arrive—this 3-bedroom, 2-bath residence is beautifully maintained and move-in ready. Located just 5 driving minutes from Blue Springs State Park, you’ll love being so close to one of Central Florida’s most popular natural treasures! Sitting on a spacious 0.34-acre lot, this home offers plenty of room to relax and play. The FULLY FENCED front and backyard provide privacy and peace of mind. Out back, enjoy your very own swing set, an above-ground pool (optional to stay), fruit tree, and the star of the show..... a shed complete with electricity, a mini split A/C, and more — ready to become your dream she-shed, man cave, or creative studio! Step inside and discover a bright, inviting layout with room for everyone to enjoy. The garage has been thoughtfully converted, creating flexible space for a playroom, gym, or home office — and can easily be converted back if you prefer. (The garage is not counted as a room or included in the square footage). Best of all, there’s no HOA, giving you the freedom to make this home your own. Whether you’re hosting gatherings, enjoying peaceful evenings under the stars, or simply soaking in the Florida lifestyle, 312 May Street is a place you’ll be proud to call home. Schedule your showing today and come experience the beauty of this Orange City gem — homes like this don’t stay hidden for long! All appliances shown are included.
Source: STELLAR #V4945348
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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.