1216 Bramley Ln, Deland, FL 32720
4 beds · 3 baths · 2,871 sqft
UPDATE: VA buyers who are qualified can assume this at 3.5% interest. Welcome to your dream home! This stunning 4-bedroom, 3-bathroom residence offers the perfect blend of comfort, convenience, and tranquility. Nestled in a quiet neighborhood, this home boasts a spacious layout and modern amenities, making it an ideal retreat for families. With four generously sized bedrooms, including a convenient downstairs bedroom adjacent to a full bathroom, there's ample space for everyone. A versatile bonus room provides additional space for a home office, playroom, or media center, allowing you to customize the home to fit your lifestyle. The open-concept living and dining areas are perfect for hosting gatherings and creating lasting memories with loved ones. Located in a peaceful community, this home offers a serene environment ideal for relaxation and unwinding after a long day. Just across the street, the nature preserve park provides stunning views and a perfect spot for outdoor activities, picnics, and enjoying the beauty of nature. The neighborhood features a sparkling pool and scenic walking path, offering endless opportunities for recreation and leisure. Conveniently situated near shopping and dining, this home provides easy access to everything you need while maintaining a sense of peaceful seclusion. Don't miss out on the opportunity to own this beautiful home in a highly sought-after neighborhood. Schedule a tour today and experience the perfect blend of nature, luxury, and convenience! WHOLE HOUSE WATER TREATMENT WILL CONVEY New Roof November 2024, New AC January 2024
Source: STELLAR #O6209503
Source: STELLAR #O6209503
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.