107 Old Sunbeam Dr, South Daytona, FL 32119
3 beds · 2 baths · 1,885 sqft
Wake up to breathtaking sunrises over the water in this beautifully well maintained move-in ready ranch in the heart of South Daytona. This home is a MUST SEE with a new HVAC system, irrigation system & hurricane windows!! All nestled on a peaceful lot overlooking a tranquil setting, this charming home offers the perfect blend of comfort and natural beauty. Step inside to find a spacious, open floor plan with abundant natural light, fresh updates, and modern finishes. The inviting living area seamlessly connects to a well-appointed kitchen with ample cabinetry, sleek countertops, and stainless steel appliances. The primary suite offers a relaxing retreat with serene water views, while additional bedrooms provide plenty of space for family or guests, PLUS this home offers a 3 CAR GARAGE and easy access to Reed Canal Park Trail! Enjoy your morning coffee or unwind in the evening on the private patio, where you can soak in the stunning birdwatcher’s haven and experience the peaceful ambiance of South Daytona’s natural beauty. With easy access to beaches, parks, shopping, and dining, this home is the perfect balance of convenience and tranquility. Don’t miss your chance to own this slice of paradise!
Source: STELLAR #NS1083787
Financials
Source: STELLAR #NS1083787
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.