124 Cunningham Dr, New Smyrna Beach, FL 32168
3 beds · 2 baths · 1,870 sqft sqft
INTRACOASTAL HOME OFFERING: Live your Florida lifestyle in this spacious 3 bedroom 2 bath home in sought after Inlet Shores. The courtyard entry with a 3-tier fountain welcomes you and your guests. Vaulted ceilings in the open living space shine with loads of natural light. Open Living/Dining/Flex Room all very versatile for your preferred use. A kitchen large enough for company boasts granite counters, stainless steel appliances, double sink, wine storage, and updated cabinets. Split bedroom floor plan has Owners Suite opening to large screened in patio, walk in wardrobe, custom sliding door storage. Owners Ensuite Shower has multiple shower heads with frosted bay window within. Guest Bedrooms share an updated bath with sliding barn door access on one side featuring marble vanity and large shower with varied shower heads. One of the two guest bedrooms currently doubles as an office with intracoastal views. New AC system in 2024, New Electrical Panel in 2024, Roof redone in 2017, Security System, Circle Paved Driveway, Tile Floors throughout. Huge screen in patio with garden fountain AND covered outdoor living space AND extended sunning paver patio. Large back yard fenced with shade trees, roses, banana trees, orange tree, and Bougainvillea. Updated washer and dryer. 2 car garage with pull down attic for additional storage. HOA covers a 20.00 annual maintenance fee for common area, playground, basketball hoop, and signage. Intercoastal Boat ramp for intercoastal Access is one street up from Inlet Shores entrance. Florida driver's license gets you pre access to boat ramp and parking.
Source: STELLAR #v4939453
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4939453
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.
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.
MLS ID: #v4939453
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.