1500 Wyngate Dr, Deland, FL 32724
5 beds · 4 baths · 3,143 sqft
Nestled in the prestigious Westminster Wood neighborhood of DeLand, this 5-bedroom, 2 full bath, 2 half bath home is a true standout! Offering 3,143 square feet of beautifully designed living space, this home is packed with charm, modern updates, and an incredible opportunity—an assumable VA loan for qualified buyers! Step inside and be welcomed by soaring cathedral-style ceilings, an open and airy layout, and a double-sided wood-burning fireplace that connects the family and living rooms. Whether you're hosting or just enjoying the spacious floor plan, you'll love having separate family, living, and dining rooms, plus a cozy breakfast nook. The heart of the home—the kitchen—now features brand-new stainless steel appliances, granite countertops, a center island, soft-close cabinetry, and a built-in range with a hood. Stylish tile wood flooring flows throughout the home for an elegant yet low-maintenance touch. The master suite is a private retreat, featuring a newly remodeled ensuite bath with a jacuzzi tub, walk-in shower, and custom barn door. A spacious walk-in closet provides ample storage, with an extra walk-in closet off of the bedroom that is connected to the master. The split-floor plan places the master suite and Bedroom 1 on one side for added privacy, while the remaining three bedrooms are on the other. Outside, the .84-acre lot is your personal oasis! A fenced backyard, irrigation system, and extended property line beyond the double-leaf gate offer extra space and privacy. Relax in the saltwater, screen-enclosed pool and propane-heated hot tub, or entertain at the outdoor bar and kitchen with granite countertops. Plus, a convenient half bath is located off the pool area. Recent updates include a brand-new drain field, a newer roof, and custom window treatments. The inside laundry room, circular driveway, oversized 2-car garage, and two sheds in the back yard add even more convenience. With its stunning features, modern updates, and the rare opportunity for an assumable VA loan, this home won’t last long! Schedule your showing today!
Source: STELLAR #V4941230
Financials
Source: STELLAR #V4941230
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.