1075 Lincolnshire Dr, Deland, FL 32724
2 beds · 2 baths · 1,512 sqft
One or more photo(s) has been virtually staged. Nestled in the highly sought-after Victoria Gardens, an exclusive over-55 community in DeLand, this upgraded home with 2-bedrooms, 2-baths AND A DEN offers both elegance and sustainability, making it the perfect retreat for those seeking a serene yet luxurious lifestyle. When you're looking at the pictures, don't miss the sunrise over the pond. The property is powered by a cutting-edge whole-home solar system, ensuring not only dramatically reduced energy costs but also peace of mind with its inverter system, providing power even during outages. This thoughtful upgrade is complemented by a whole-house water conditioner and a reverse osmosis system in the kitchen, along with a new suite of appliances, including a refrigerator, dishwasher, microwave, and a natural gas range for efficient and enjoyable cooking. On top of all of that, consider the **Low Rate** ASSUMABLE VA loan (If qualified. Lender will verify). Step inside to find a freshly painted interior that exudes warmth and sophistication. Luxury vinyl flooring graces the bedrooms and den/study, while durable ceramic tile extends through the rest of the living spaces, offering both beauty and practicality. Elegant plantation shutters enhance each room, providing a timeless touch of style and privacy, along with coffered ceilings in the great room and primary bedroom. The home also comes with a transferrable pest control and termite warranty, adding an extra layer of security for the new owner. One of the standout features of this home is the enclosed Florida room, a flexible space encased in glass French doors and sliding windows with built-in blinds, ideal for year-round enjoyment. Beyond, the outdoor living area includes a spacious 10' x 24' screened paver lanai, complete with a 240-amp connection, perfect for adding a hot tub or other outdoor appliances, creating the ultimate space for relaxation and entertainment. Residents enjoy a wealth of top-tier amenities, including access to BOTH the Lake Victoria Amenity Center with its pool, tennis courts, fitness center, scenic walking path, and playground AND to the EXCLUSIVE Victoria Gardens community Clubhouse, which offers it's own resort-style pool, modern gym, restaurant, bar, and a variety of social clubs and activities, fostering a strong sense of community. On top of all of that, the Homeowners Dues provide for Cable, Internet, Landscaping irrigation, Landscaping Maintenance for your home, and the secure gates at the front and rear of the community. Ideally located just 35 minutes from New Smyrna Beach and within easy reach of Orlando’s world-class theme parks, this home offers the perfect balance of peaceful living and access to all that Central Florida has to offer.
Source: STELLAR #o6250670
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6250670
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: #o6250670
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.