1509 GOLD TER, Deltona, FL 32725
Welcome home to this charming 4 bed, 2 bath residence, located on a corner lot, in the established neighborhood of Deltona Lakes. As you step inside the home, you are welcomed into the open concept entertaining and dining spaces with a beautiful kitchen in the heart of it all. Enjoy finish trims of granite countertops, stainless steel appliances, vented range hood to the exterior, and dining bar in this recently remodeled kitchen. The laundry room location is perfectly placed for functionality and multitasking, just off the kitchen. Tucked behind the kitchen is an ample sized flex room, which also provides access to the carport and outdoors. To the right of the main living area is a secondary bedroom, with ease of dual function for a multipurpose space with separation and privacy. Moving to the left wing, you will find two additional secondary bedrooms, hall bathroom, and primary retreat. The primary retreat includes an ample walk-in closet and ensuite bathroom, showcasing double sinks, granite countertops, and a standing shower. This home is in a prime commuting location, with proximity to Seminole Town Center, Stetson University, Daytona State College, and more, with a less than 10-minute drive to I-4, making traveling through Central Florida a breeze! Schedule your private tour today.
You may be able to put down less than the total down payment amount of $31,420 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: #o6204713