1074 VICTORIA HILLS DR S, Deland, FL 32724
Welcome to the stunning neighborhood of Victoria Hills. This exceptional Spruce model pool home, built in 2022, showcases a paver driveway, a stylish pool area with spa, and an eye-catching stone veneer. Nestled in a prime location at the back of the community on the 15th hole of the golf course, this home offers unparalleled privacy with no neighbors in front or behind. The expansive floor plan is designed with a thoughtful three-way split, ensuring all bedrooms are private suites. An additional bonus room serves as a versatile office or activity space. The large kitchen is a chef's dream, featuring an elegant natural gas stove, oversized shaker cabinetry, expansive granite countertops with a farmhouse sink, and a cozy dining area. The owner's suite is a true retreat, boasting an oversized walk-in closet and a luxurious shower. This energy-efficient home is powered by solar panels, which convey with the sale and could potentially save you up to $500 a month on your power bill. Additionally, the home is equipped with natural gas for the stove, water heater, clothes dryer, and hot tub. Victoria Hills offers a wealth of amenities, including golfing, pickleball, tennis, two fitness centers, and two community pools one with a zero-entry play area and a playground. As a golf cart-friendly community situated between Orlando and New Smyrna Beach, Victoria Hills provides convenient access to major highways, making commutes a breeze. The HOA fee includes Cable TV, high-speed 300 Mbps internet, irrigation, and access to all the community features. Residents also enjoy easy access to the Victoria Hills Golf Club, a beautiful 18-hole course designed by Ron Garl. The course is lined with majestic oak hammocks and Augusta pines, and is surrounded by pristine lakes and flowing greens a golfer's paradise.
You may be able to put down less than the total down payment amount of $356,977 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4938322
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