3315 S Atlantic Ave Unit 1106 Daytona Beach, FL 32118
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About this home
Assumable mortgage of 578,651.00 at 5.6 percent! Experience the epitome of oceanfront luxury in this stunning 11th-floor, 3-bedroom, 3-bathroom condo located in the highly sought-after DiMucci Twin Towers. Boasting breathtaking, unobstructed views of both the Atlantic Ocean and the Intracoastal Waterway, this residence offers an unparalleled coastal lifestyle. Step inside to find tile flooring throughout the entire unit, complemented by elegant crown molding for a touch of sophistication. The open floor plan ensures you never miss a view, with the ocean visible directly from the kitchen. Designed for both style and functionality, the kitchen features a breakfast bar, stainless steel appliances, granite countertops, and custom wood cabinetry with ample storage space. Wake up to the sound of waves in the oceanfront master suite, complete with double walk-in closets and an ensuite bathroom featuring a soaking tub, walk-in shower, and dual vanities. The second master suite also offers spectacular ocean views, generous space for a king-sized bedroom set, and a walk-in closet. The third bedroom provides flexibility for guests or a home office. Designed for entertaining, the spacious living room flows seamlessly onto the private oceanfront balcony, where you can soak in the magnificent Atlantic views and enjoy the soothing sea breeze. As a resident of DiMucci Twin Towers, you'll have access to resort-style amenities, including two oceanfront pools, two spas, a spacious clubhouse, a state-of-the-art fitness center, secured building access, and assigned underground parking. Don't miss this rare opportunity to own a piece of paradise in one of the most desirable oceanfront communities. Schedule your private showing today! All information deemed accurate but cannot be guaranteed. Air handler 2023 and hot water heater 2022. Condo comes with Hurricane Shutters.
Source: STELLAR #V4944808
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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.