12 Peruvian Ln, Ormond Beach, FL 32174
3 beds · 2 baths · 1,952 sqft sqft
Ormond Beach: This meticulously maintained home shines with pride of ownership. It is NOT only beautiful but has upgraded safety features like the master bedroom closet that is a concrete steel reinforced safe room built to withstand Category 5 Hurricane winds.This home also features a large swim spa complete with water features and state-of-the-art lighting. The upgraded kitchen, boasting real wood 42-inch cabinets and quartz countertops, will delight any chef. The open and spacious floor plan includes split bedrooms, with the family room showcasing newer wood floors and providing access to the private backyard. The master bedroom offers tray ceilings, a garden tub, and a separate shower. Glass sliding doors from the master bedroom lead to the swim spa, ensuring midnight swims in total privacy thanks to the white vinyl fence surrounding the yard. For added security, the home features an alarm system with eight cameras and motion lights. The water heater and AC were replaced in 2016 (with AC maintenance every six months), and the roof was replaced in 2019. Best of all, this home is on septic, and the system is diligently maintained by the city. If you’re looking for all the bells and whistles, this is YOUR HOME!
Source: STELLAR #v4937108
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4937108
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4937108