315 Sweet Bay Ave New Smyrna Beach, FL 32168
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About this home
Exceptionally Spacious 6 Bedroom Home in Prestigious Sugar Mill Country Club. Discover this truly unique and extraordinary large 6-bedroom, 3-bathroom residence offering over 3,500 square feet of comfortable living space across two expansive levels with impressive updates. Enjoy vaulted ceilings, beautiful solid hardwood floors, and two cozy fireplaces. The lower level is adorned with stunning pecky cypress woodwork, creating a warm and inviting atmosphere. Perfectly designed for large families, multi-generational living, or a home based business, this home features a separate entrance for in-law suite capability-providing flexibility and privacy for everyone under one roof. Key Feautures: * Prime Location: Nestled in the highly sought after Sugar Mill Country Club, renowned for its wide, tree lined streets and abundant natural beauty. * Versitile Living Spaces: Multiple covered storage areas, an oversized two car garage with a spacious workshop, and a multifunctional downstairs room with ample storage - perfect for hobbies, projects, or extra living space. * Ideal for Entertaining: The open-concept layout and generous room sizes make this home perfect for hosting gatherings, family events, or simply everyday comfort. * In-Law Suite Potential: The separate entrance on the lower level offers privacy and convenience for extended family or guests. This is a must-see home that truly needs to be experienced in person to appreciate its size, flexibility, and endless possibilities. Whether you're seeking space for a growing family, multi-generational living, or a unique setup for your business, this property has something for everyone, Schedule your private tour today and discover the potential of this exceptional Sugar Mill Country Club home!
Source: STELLAR #NS1084811
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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.