1331 Island Trees Ln, Deland, FL 32720
4 beds · 2 baths · 2,236 sqft
This wonderful corner, one quarter acre lot home offers a split floor plan with 4 bedrooms and 2 baths and sits in a cu-de-sac with no immediate neighbor in the back. When entering this home you’ll feel the vaulted ceilings, space, and openness right away. The open layout flows through the living, dining, and kitchen areas, making it perfect for entertaining guests or finding quality family time. The large centrally located kitchen boasts an island with extra counter, storage, and a dual sink in addition to the other counter and dual sink with the breakfast bar. The kitchen also has two walk-in pantries, a new stainless steel range, newer microwave, and a unique corner that will accommodate a water cooler, wet bar, or wine cooler/refrigerator. New double pane French doors open out to the spacious screened and tiled Lanai which has a utility sink and hook up for another range to expand your cooking enjoyment into the outdoors. The large master suite is located on the right side of the home and features two walk-in closets that lead into the En Suite bathroom with his and her sinks, a garden tub, a walk-in shower, and water closet. The indoor utility room comes with washer and dryer. The A/C handler contains a special germ reduction UV light for improved indoor air quality. Garage has cabinets and an aluminum ladder for access to extra attic space/storage. All new blinds for windows and fresh paint throughout the interior for that move-in already done. The property has an irrigation system and back yard has a large pad with pavers, 9 different fruit bearing trees, and the longevity of vinyl fencing that not only adds spacious viewing and security but, the side yards can be used as containment areas for pets. New vinyl flooring in family, dining, living, and bedrooms. Exterior was painted in 2023. Most exterior facing doors and jams are new. Roof was replaced in 2016. Other items inside are new, must see. This home is in a great location, just minutes from Downtown DeLand, it's music entertainment, Stetson University, and International Speedway Blvd to Daytona and it's beaches.
Source: STELLAR #o6251626
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6251626
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: #o6251626
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.