1130 River Falls Cir, Deland, FL 32720
5 beds · 3 baths · 2,873 sqft
Stunning 5 bedroom home on quiet cul-du-sac in Deland. This is one of Richmond Homes largest floor-plans - the Moonstone. Boasting an open floor plan on the main floor with a custom built entertainment center with wired surround sound in the living room, Built in Dog cages for 2 small dogs. The kitchen has New upgraded GE profile stainless appliances, quartz countertops and large island.A Barn Door Pantry The first floor also has a flex/office that with the addition of a closet and door could be a downstairs 6th bedroom and full bathroom. You must check out the Harry Potter Closet a space with endless possibilities. On the second floor you will find the “pièce de résistance” the spacious master with ensuite bath and huge walk in closet with custom built-ins. Along with the master you will find 4 additional bedrooms and another full bath on the second floor. Beautifully landscaped with lighting and your very own palm tree. The back yard has a large covered patio and is fully fenced with room for a pool. Located only 2 1/2 miles to Historic Downtown Deland and Stetson University. 3 1/2 miles to the beautiful St. John’s River and 30 minutes away from the most famous beaches in Daytona Beach. Why wait for a new build this one is less than 2 years old!
Source: STELLAR #ns1082738
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082738
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: #ns1082738
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