138 N Kentucky Ave, Deland, FL 32724
5 beds · 5 baths · 2,616 sqft
Gorgeous Historic home located mins from heart of the award winning Historic DeLand and Stetson University! This two-story masterpiece POOL home boasts 5 bedrooms, 4.5 bathrooms, 2,616 sq ft under heat and air with tons of 1930's charm and history with some beautiful features that were kept up in their original state. Notice the southern style front porch as you step inside and be greeted by the stunning hardwood floors and high ceilings that flow throughout the main living areas, gas fireplaces in dining room, custom built-ins, and ample space for entertaining and a growing family. The first floor includes the a spacious primary suite with a walk-in closet and luxurious bathroom, pool ready full bath, half bath, indoor laundry area, 18x10 kitchen, large Florida room, 22x15 formal dining, and a 15x16 living room. Upstairs, you'll find 4 additional bedrooms, a bonus room/office, and 2 full bathrooms that includes an en-suite. Outside, you'll find a lush backyard oasis with a vinyl fence surrounding a 20x20 2 car detached garage and a 28x14 Gunite in-ground swimming pool and screened in 14x13 lanai, providing plenty of space for outdoor gatherings and alfresco dining. Modern updates include, stainless steel appliances, metal roof 2021, 2 tankless hot water heaters, abundant of double pane windows 2010, 2 HVAC 2021, 2023 and updated electric 2021, .... Don't miss your chance to own this one-of-a-kind property in DeLand!
Source: STELLAR #v4937089
Source: STELLAR #v4937089
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: #v4937089