112 Pergola Pl, Ormond Beach, FL 32174
3 beds · 2 baths · 1,913 sqft sqft
Welcome to this beautiful move-in-ready home, featuring a split floor plan with 3 bedrooms and 2 bathrooms. On one side, you’ll find two guest bedrooms and a full bath, while the master suite and laundry room are on the other. This nearly 2000 sq ft home, built in 2016, is located in the highly desirable Cypress Place at Hunter Ridge. Upon entry, a long, wide hallway leads to the main living area and a playroom/office. The kitchen boasts a large island and a spacious pantry, and it opens to the dining and living spaces. The living room includes a built-in surround sound system, and the entire house is adorned with 12x24 resin gray porcelain tile and 5 1/4 inch real wood baseboards. The home also features a security system with a smart panel and solar panels. Enjoy this well-kept neighborhood with two community swimming pools, just 15 minutes from the beach. Excellent shopping, dining, and award-winning public schools are also nearby. Come see this stunning property and make it yours.
Source: STELLAR #fc301872
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc301872
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: #fc301872
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.