1180 Pearl Tree Rd, Deltona, FL 32725
4 beds · 2 baths · 1,909 sqft
--- LOW ASSUMABLE MORTGAGE RATE at 4.75% --- **SELLER IS WILLING TO CONTRIBUTE TO BUYERS CLOSING COSTS AND PREPAIDS - ASK FOR DETAILS** Check out the 3D Virtual tour! **NEWER CONSTRUCTION** Come take a look at this RARE OPPORTUNITY, incredibly UPGRADED NEW HOME in the distinguished community of Hampton Oaks in Deltona Florida. NO REAR NEIGHBORS! Many of the builder stock products in this home have been replaced with upgraded luxury products. This popular Badland floorplan has been professionally designed for entertaining with ease. THE INTERIOR OF THIS HOME HAS BEEN UPGRADED LIKE NO OTHER HOME YOU WILL FIND ON THE MARKET. Quartz and Granite countertops in the kitchen and bathrooms. The entire home is equipped with ALL NEW modern lighting fixtures throughout. The rear sliding door is UV tinted for temperature control and privacy along with the primary bedroom and office windows. The high ceilings and UPGRADED 8 FOOT TALL DOORS THROUGHOUT continue to add the luxury touch to this home. This stunning home includes all of the best upgrades one can wish for. An elegant owner’s suite features a luxurious primary bath with a LARGE TILED WALK-IN SHOWER, GRANITE COUNTERTOP, DUAL VANITY SINKS and plenty of storage space for everyone with the added CALIFORNIA CLOSET SHELVING. Enjoy spending time with family and friends, entertaining and cooking in the gourmet kitchen featuring QUARTZ countertops, stainless steel 50/50 undermount sink with disposal, UPGRADED STAINLESS STEEL MICROWAVE AND UPGRADED RANGE/STOVE COOKTOP, custom DESIGNER CABINETS, luxury subway tile backsplash, upgraded three pendant kitchen system lights, plenty of room to cook, clean and entertain effortlessly over the tremendous oversized slab of quartz over the kitchen island. The customized garage is coated with a professional grade epoxy finish and several wall accessories available to purchase separately. The large, private backyard is COMPLETELY FENCED IN, and features an EXTENDED 30X18 (540 SQFT) PAVER PATIO and plenty of space to walk about and host almost any size gathering. All window treatments are included with purchase. Convenient access to I-4 and Orlando area employment corridors. Located within minutes of Blue Springs State Park, as well as easy access to DeLeon Springs, and area beaches. To truly appreciate this home and its unique details, schedule a showing with your realtor today! All showings are by appointment only. **Ask your agent for the feature sheet that lists ALL of the upgrades and updates packed into this home.**
Source: STELLAR #O6269646
Source: STELLAR #O6269646
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.