1215 PALMETTO ST, New Smyrna Beach, FL 32168
DO NOT MISS THIS OPPORTUNITY TO OWN THIS BEAUTIFULLY UPDATED MID-CENTURY MODERN HOME ON A DOUBLE SIZED LOT IN THE HISTORIC DISTRICT OF NEW SMYRNA BEACH!!! This property has had a complete overhaul recently and is ready to find its new lucky owners! Improvements include but are not limited to a NEW HVAC SYSTEM INCLUDING ALL NEW DUCTWORK AND INSULATION IN ATTIC! NEW INTERIOR DOORS, BASEBOARDS, AND TRIM! BRAND NEW FLOORING THROUGHOUT! NEW INTERIOR AND EXTERIOR PAINT! NEW INTERIOR LIGHTING AND CEILING FANS! Your kitchen has been enhanced with a brand new sink, dishwasher, garbage disposal, and flooring! Both of your bathrooms have been FULLY RENOVATED DOWN TO THE STUDS and re-designed with beautiful modern features including FANCY Woodbridge SMART bidet toiletsand Blue Tooth Speakers! Having an overnight guest? In addition to your three bedrooms, you now have a built in twin murphy bed in the utility room! This home is wired for fiber optic internet and has a transferrable security system with Safetouch. Your 24'X24' detached garage would make a PERFECT ADU if you wanted to convert it... It already makes a great workshop space AND has a perfect spot for your golfcart! It just got outfitted with a brand new electric garage door, built in shelving for storage, and granite driveway from the street! You'll have a newly added 240 outlet outside just to charge your EV!!!! Your gorgeous inground pool was just drained & Acid Washed (July 2024) It's surrounded by ample patio space perfect for relaxing and hosting your first pool party! ALL OF THIS sits on one of the largest double lots in the area giving you plenty of room for family to play, pets to run, and parking for all your toys!!!! RV. BOAT. TRAILERS. ETC... All of this conveniently located just a few blocks from the river, Canal Street Shops, hospital, restaurants, and more...
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #t3550526