101 Fleming Ave, Port Orange, FL 32127
3 beds · 2 baths · 1,638 sqft
Wake up to BREATHTAKING riverfront views on the Halifax River, where your dream home and investment opportunity collide! This beautifully UPDATED home sits on an expansive 0.37-acre lot! With short-term rentals allowed, this property is a rare investment opportunity that combines luxury, location, and versatility. Step inside to find a host of upgrades, including NEW mini-splits, a 5-year-old roof, and a water heater installed in 2019. The interiors are equally impressive, featuring stunning red oak real hardwood floors, a wood-burning fireplace, and a remodeled kitchen with NEW butcher block countertops, a NEW sink, NEW dishwasher, NEW garbage disposal, and a charming butler’s pantry. The home’s bathrooms have been tastefully renovated, while hurricane-impact windows provide peace of mind. The outdoor amenities are just as captivating, boasting a PRIVATE BOAT DOCK with a LIFT, electric and plumbing hookups, and a kayak launch, perfect for river adventures. This waterfront property offers direct access to the open ocean, making it a boater's dream. Enjoy a scenic 20 minute ride to the inlet, perfect for heading offshore for deep-sea fishing adventures. With the beach just minutes away, this property is a haven for water enthusiasts. A detached garage with a NEW roof adds convenience and storage. Whether you’re searching for a serene retreat or a lucrative rental, this riverfront gem has it all. Hurry and schedule your private showing today! This home may be under audio and visual surveillance.
Source: STELLAR #v4939881
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4939881
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #v4939881
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.