400 W Blue Springs Ave Orange City, FL 32763
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About this home
Assumable mortgage at an interest rate below 3.0% for a qualified buyer approved by lender. You will love this beautiful open floor plan 3 bedroom and 2 bath home that has been tastefully remodeled to include Kitchen and both bathrooms. The kitchen is a dream to anyone who likes to cook. Spacious granite counter tops, Farm sink, solid wood cabinets, some with pull out shelves. Stainless Steel appliances, Built-in wall oven & microwave, cook-top with range hood, dishwasher & refrigerator. Large Kitchen Island for prepping meals. The most beautiful backsplash to compliment this lovely updated kitchen. Gorgeous wood grain look ceramic tile through out the home. Dining room is open to the living room and kitchen making the perfect set up for entertaining. You'll enjoy the built in surround sound system in the living room. The Primary Bedroom is very roomy and offers plenty of storage in the walk-in closet. The En-suite bath has also been updated to include a spacious walk in shower. The home is a split floor plan with the other two bedrooms and guest bath located on the other side of home away from Primary Bedroom. Guest Bath was recently updated as well. The laundry room is a great size featuring a Samsung All-In One washer dryer, included with the home. The laundry room also has lots of cabinets for additional storage. The home is situated on an oversized corner lot fully fenced with Chainlink and vinyl fencing. Additionally off the Bonus/Mud room there is a great covered and screened patio for your outdoor entertaining as well as the open Brick Paver Patio. If storage is important you'll love the 10x20 shed. The circular driveway offers plenty of parking and easy access in or out of driveway. The parking also allows for RV parking with a 30 amp electric hook-up. The roof was replaced in 2019. Air Handler replaced in 2020. Air Condenser replaced in 2023. Septic System replaced in 2021. Updated interior plumbing. Plumbing repiped from the road to home in 2023. Electric updated by previous owners. The location is fantastic in walking distance to elementary school, restaurants, shops and even mini golf! Schedule your showing and come see for yourself all this home has to offer!
Source: STELLAR #G5102365
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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.