1600 Big Tree Rd # D2, South Daytona, FL 32119
2 beds · 2 baths · 833 sqft
Discover Your Perfect Retreat at this stunning turn-key 2-bedroom, 2-bath FIRST FLOOR condo in the sought-after Georgetown Lake community is the epitome of convenience, comfort, and coastal living! Recently freshly painted and boasting modern updates like a brand new refrigerator, updated kitchen, 1-year-old washer & dryer, and an extra freezer and a 2-year old AC, this unit is move-in ready and designed for easy living. Owning a condo in Georgetown Lake means hassle-free maintenance, with no lawn care or exterior upkeep to worry about. Instead, you'll have more time to enjoy the incredible amenities right outside your door—tennis courts, a gym, a clubhouse, and a sparkling pool for leisurely afternoons under the Florida sun. Condo living offers the ideal balance of privacy and community, with low-maintenance lifestyle perks that make it easy to travel or simply relax and enjoy your surroundings. Whether you're looking for a primary residence, vacation home, or an investment, this condo has the flexibility to meet your needs. Located just minutes from Daytona’s famous beaches, top-notch shopping, dining, and entertainment, you'll be at the heart of it all, yet tucked away in a peaceful, well-maintained community. Don’t miss this rare opportunity to own your slice of paradise—schedule a private tour today and make 1600 Big Tree Unit D2 your new home!
Source: STELLAR #ns1082590
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082590
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: #ns1082590
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.