1216 BRAMLEY LN, Deland, FL 32720
UPDATE: NEW ROOF PRIOR TO CLOSING. 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
You may be able to put down less than the total down payment amount of $55,171 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
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: #o6209503