7 Ranwood Ln Palm Coast, FL 32164
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About this home
Welcome to 7 Ranwood Lane, a stunning, like-new home located in the sought-after R-section of Palm Coast. Built in 2024, this spacious 1,552 sqft residence offers a perfect blend of modern design and comfort. Featuring 3 generously sized bedrooms and 2 full bathrooms, it's ideal for families or anyone looking for a serene retreat. The home boasts a bright and open floor plan, with quality finishes including updated LVP flooring throughout. The kitchen is a chef's dream, equipped with sleek countertops, stainless steel appliances, and plenty of cabinet space. The living area is perfect for entertaining or relaxing with loved ones, creating a warm and inviting atmosphere. Step outside and enjoy the expansive backyard—perfect for gatherings, play, or gardening. The possibilities are endless with this outdoor space. This home also comes with leased solar panels, offering you energy efficiency and lower utility costs without the upfront expense of purchasing the system. Enjoy the benefits of renewable energy and reduced power bills while living in a modern, eco-friendly home. Located less than 20 minutes from the Flagler Fishing Pier and just 10 minutes from easy access to I-95, this home offers the perfect balance of tranquility and convenience. Whether you're looking to explore Palm Coast's beautiful beaches, take a short drive to nearby attractions, or simply enjoy the comforts of a modern home, this property has it all. Don't miss out on this incredible opportunity to own a practically brand-new home in a prime location. Schedule your showing today!
Source: REALMLS #2106519
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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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