1094 LOLITA ST, Orange City, FL 32763
WELCOME HOME! This NEWLY BUILT 2022 home offers 3-bedrooms, 2-baths in an OPEN CONCEPT and SPLIT BEDROOM layout along with a fully fenced backyard and NO HOA! As you pull up you will notice that this beautiful home sits on an oversized corner lot (130 x 75) and has a stylish front exterior complete with Hardie Board siding, stone accents, and a front porch. Step through the front door and into your new light and bright open concept home taking note of the luxury vinyl plank floors that run throughout the home, HIGH CEILINGS, new light fixtures, new ceiling fans, new security system through ADT, and sliding glass doors that access the fenced backyard. The family chef will enjoy the upgraded kitchen featuring a modern neutral color palette, 36" upper cabinets with crown molding, subway tile backsplash, STAINLESS STEEL APPLIANCES, granite counters, a window over the kitchen sink, new touchless faucet, and a BREAKFAST BAR on the large ISLAND gives you additional seating for casual dining or entertaining. The ideal split bedroom floor plan delivers a generous PRIMARY SUITE that feels like a retreat with views of the backyard, a WALK-IN closet and a private en-suite bathroom. Start and end your day with ease, this en-suite is well appointed with a dual vanity sink and walk in shower. Bedrooms two and three share a second full bath with a tub/shower combo. This home offers MI vinyl energy star windows and a 16 Seer Carrier 3 ton HVAC. Don’t wait for a new build, this home with all the upgrades at 1094 Lolita is calling now - schedule your tour today!
You may be able to put down less than the total down payment amount of $31,291 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: #ns1082434
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.