71 Wrendale Loop Ormond Beach, FL 32174
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About this home
REDUCED 5,000.00. Owner is motivated to sell. Welcome to Huntington Village a community within Hunters Ridge. This is an over 55 Community that offers many activities. This is a two bedroom, 2 bath, 2 car garage, energy efficient villa, in move in condition on a premium lot. Enjoy your morning coffee on the screened lanai looking out at the pond and see some of the beautiful birds Florida has to offer. Tray ceilings in bedrooms, Great Room and Dining Room. Beautiful kitchen with 42" cabinets, backsplash and Granite countertops. The kitchen and Great room have lots of ceiling recessed lighting. There is even a flex room that could be your office or craft room. The Primary Bedroom offers a large walk-in closet, and the Primary bath has dual sinks, very large walk-in shower, high vanity, Quartz countertops, large linen closet and private toilet area. All flooring is wood look porcelain tile planks. Primary bath has beautiful large, pieced porcelain tile. The HOA fee is 275.00 per month and the CDD fee is paid every 4 months and is 235.00. Includes all outside maintenance, including exterior painting every 5 years, lawn and shrubbery care, termite bond, pest control, insurance on the villa but not the contents inside, and includes insurance on the roof. Also includes high speed internet and cable. The amenities include, pools, Clubhouse, fitness center, tennis, basketball court and yes bring your golf cart. Close to the beach, fine dining, shopping, hospital, Daytona International Speedway, airport and more. Very well-kept community and very desirable community. You can also use all the additional amenities that are in Hunters Ridge. Come take a look at all this one owner villa has to offer.
Source: STELLAR #FC312007
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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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