151 Park Place Cir, Palm Coast, FL 32164
3 beds · 2 baths · 1,591 sqft
Welcome to your dream home in the exclusive 55+ community of Park Place in Palm Coast! This bright and airy 3-bedroom, 2-bathroom residence offers a perfect blend of comfort and easy living, with thoughtful details throughout. Enjoy the durability and attractiveness of ceramic tile in the bathrooms and main living areas, while the bedrooms feature cozy carpeting. The main living space boasts a vaulted ceiling with recessed lighting, creating a bright and airy ambiance. Both the kitchen and bathrooms are adorned with stunning granite countertops. Indoor Laundry Room comes equipped with a washer and dryer, making laundry a breeze. The primary bedroom features a high tray ceiling, a spacious walk-in closet, and an ensuite bathroom with a double vanity sink, a separate water closet, and a walk-in shower. Relax and unwind in your backyard lanai overlooking a reserve. As a bonus there is an electric screened garage door for great airflow while maintaining privacy and security. Enjoy included internet, cable, and grounds maintenance. There is a separate well available for irrigation as well as a sprinkler system installed. There are gutters in place. Take advantage of the community pool and coded gated entrance for added security and peace of mind. Don’t miss out on the opportunity to live in this beautiful home in Park Place. Experience the best of Palm Coast living in a vibrant and welcoming 55+ community. Schedule your private showing today!
Source: STELLAR #fc302777
Source: STELLAR #fc302777
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.