1204 Parkside Dr, Ormond Beach, FL 32174
3 beds · 2 baths · 1,776 sqft
Located just off the iconic North Beach Street, minutes from the Atlantic ocean and the adorable downtown Ormond Beach shops and restaurants. This HIGH and DRY 3 bed 2 bath POOL home (NO HOA) is loaded with upgrades including: NEW LUXURY VINYL FLOORING throughout the living areas, NEW A.C. UNIT including compressor and air handler, NEW SOLAR HOT WATER HEATER, NEW carpet in the bedrooms, NEW pool deck coating and attic fan. Best of all, when sunny skies turn gray, this home has all NEW HIGH IMPACT RESISTANT WINDOWS,SLIDER,FRENCH DOOR and a NEW ROOF! Once inside the home, you will appreciate the large living area with a separate dining room just off the kitchen, large primary bedroom with ensuite bath, two additional bedrooms and a large sunroom. The backyard boasts a large screened in POOL and SPA and even has an automatic sunshade. Call for a showing today!
Source: STELLAR #O6280544
Source: STELLAR #O6280544
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.