109 Cerise Ct, Daytona Beach, FL 32124
4 beds · 3 baths · 2,628 sqft
Assumable VA loan at Roam with an interest rate of 4.750%. . Discover your breathtaking waterfront haven in Mosaic! Built in 2018, this exquisite property features 4 bedrooms, 3 full baths, and an additional flex space, setting the stage for opulent living. As you approach, the sophisticated paver driveway and inviting exterior draw you in. Inside, a plethora of premium features await, including an advanced lighting system, decorative tray ceilings, and a mix of elegant tile and plush carpeting throughout. The kitchen is a chef's dream, outfitted with tall 42-inch cabinetry, a chic tile backsplash, high-end stainless steel appliances, and luxurious granite counters. The home is also equipped with a large walk-in pantry, an energy-efficient water heating system, an immersive surround sound setup, and a comprehensive central vacuuming system. The master suite is a sanctuary of relaxation, offering a lavish Roman bathtub and an expansive walk-in wardrobe. Each bedroom offers ample space, enhancing the home's allure with a high-tech security and WiFi setup for ultimate comfort. Outside, the community amenities, including dual swimming pools, a modern fitness center, a children's play area, a scenic lakefront promenade, and cozy firepits, add to the lifestyle. Located conveniently close to shopping centers, dining options, and entertainment venues, this property is a rare find. Seize the opportunity to make this dream house your own - contact us now for more details! equipped with brand new assumable solar power with monthly lease of $247.29/month
Source: STELLAR #v4935620
Source: STELLAR #v4935620
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: #v4935620