111 10th St, New Smyrna Beach, FL 32168
3 beds · 2 baths · 1,576 sqft
PRICE IMPROVEMENT! Inquire about assumable LOW INTEREST RATE!!! Experience the perfect blend of historic charm and modern convenience with this 3-bedroom, 2-bathroom home built in 1925. The open floor plan with upgraded tile and complimentary color scheme is very inviting. The kitchen has stainless steel appliances, granite counters and a custom-built island. The spacious primary suite offers a walk-in closet AND a built-in closet with a private entrance to the patio through the French doors. The BONUS room offers many future possibilities for functionality due to its location off the dining room and primary bedroom, with an entrance to the patio. The property includes two carports, a dedicated BOAT STORAGE area, and a WORKSHOP, catering to all hobby and storage needs. The inviting front porch is perfect for enjoying morning coffee, while the back patio provides a serene space for outdoor dining and entertainment. The LARGE YARD, fully fenced for privacy, features mature landscaping that enhances the home’s charm and provides a tranquil outdoor oasis. Great for any insurance company: NEW ROOF 2023, NEW AC 2022, TWO Water Heaters (1 year and 6 year old). Whether you're kayaking, fishing, or simply enjoying the stunning sunrises, this unbeatable location offers endless outdoor activities as it is in walking distance from the River, Smyrna Yacht Club, NSB Regional Library, Advent Health, and Riverside Park. Additionally, the Atlantic Ocean, Flagler Ave, and the vibrant Canal Street Historic District with its boutique shops, and restaurants are just a short bike ride away. Schedule your appointment to view today!
Source: STELLAR #o6206296
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6206296
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: #o6206296
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.