683 Gainsboro St Deltona, FL 32725
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About this home
This cozy block 3 bedroom, 2 bath home is located in a quiet easy access neighborhood. Enter into a spacious (24X14) living room with an open floor plan that leads to the dining/kitchen combo with laminate flooring throughout. Well proportioned kitchen (12X10) with ample cabinetry and countertops, stainless steel range and dishwasher, large pantry, and recessed lighting. The primary bedroom is (14X13) with carpet, and has a large walk-in closet. The en-suite bathroom has an updated vanity and walk-in shower . The two additional bedrooms, (14X10) and (13X10) and have carpet and double closets that are great for storage. The main bathroom has been updated and includes a tub. There are two additional closets in the hallway. Home also includes a utility room (11X6) with sink and washer/dryer hookup. The two car garage has been partially converted to living space (14X10) and can easily converted back. Screened porch (18X12) overlooks the fenced private yard and can be accessed through dining room. Located just minuets from I-4 and accessible to Florida's many attractions, restaurants and shopping.
Source: STELLAR #V4944971
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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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