1149 N Old Mill Dr, Deltona, FL 32725
3 beds · 3 baths · 2,232 sqft
Looking for a home with style, definition, and charm, get ready to fall in love with this renovated 4-bedroom, 3-bathroom house located in Deltona. Unlike the typical cookie-cutter Florida home, this double-story residence offers separate entrances on each floor, making it a potential multi family as an excellent income-generating asset or mother-in-law. Or even multi generational housing. Roof 2020, insulation, and AC system were also updated. The open floor plan showcases a spacious living room and a formal dining area. The kitchen is equipped with stainless steel appliances, new cabinets, granite countertops, and a stylish backsplash, with plenty of bar space for entertaining. French doors in the kitchen and dining areas open to a balcony that overlooks the beautiful Deltona Golf Course—perfect for relaxing and enjoying the view. Upstairs includes three bedrooms and two bathrooms, including the master suite. The flooring is high-quality Swiss waterproof vinyl—no carpets. A space-saving spiral staircase leads to the downstairs level, which features beautiful hardwood flooring. This floor includes 1 bedroom and a full bathroom and a second living room that can be used as the potential mother-in-law suite. The doors on this level open to a spacious, fenced-in backyard with no rear neighbors and views of the golf course. Deltona puts you in the center of everything. Conveniently located very close to exit 114 on I4 and close to shopping centers and plazas, and just 30 minutes from the world-famous Daytona Beach, this home is a must-see.
Source: STELLAR #v4937600
Source: STELLAR #v4937600
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: #v4937600
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.