Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 42
VA loan
$499,900

1601 Blue Grass Blvd, Deland, FL 32724

5 beds · 4 baths · 3,154 sqft

One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer ~ Welcome to your new HOME SWEET **POOL** HOME! On a premier **.21 ACRE POND LOT** in Deland’s Saddlebrook community this spacious 5-bedroom, 3-full and 1-half bath home is outside of the hustle and bustle of Orlando while still being close to every convenience. The light and bright flowing floor plan starts in the TWO-STORY FOYER - take note of the LUXURY VINYL PLANK wood floors you will find throughout the main floor lending a luxurious feel to this beautiful home! Off the foyer behind glass inset French doors you will find a FLEX/OFFICE space and just past that a formal dining area perfect for gathering with family or entertaining friends. Follow the natural flow into the open kitchen, casual dining and family room all with a view of the gorgeous NEW POOL and water beyond! The kitchen was designed with the home chef in mind delivering 42” solid wood cabinetry, GRANITE COUNTERTOPS, a large PREP ISLAND, walk-in pantry for ample storage and STAINLESS STEEL APPLIANCES. There is also a sizable laundry room and half bath convenient for guests. Before heading upstairs take time to explore your MAIN FLOOR PRIMARY SUITE, another generous space with plenty of light, plus a WALK-IN CLOSET and private en-suite bath with an extended dual sink vanity and walk-in shower behind glass doors. The staircase features luxury vinyl plank treads and at the top you will be delighted to find a versatile BONUS/LOFT for additional living space, a game room, movie room or anything else your family might need! The remaining bedrooms are all on the second floor with bedrooms two and three sharing a JACK & JILL BATH and bedrooms three and four perfectly situated with a full bath between them. The sparkling pool is surrounded by a TRAVERTINE DECK and the COVERED PATIO gives you an ideal place to relax poolside and take advantage of the WATER VIEWS! After a day splashing in the pool and soaking up Vitamin D gather around the BUILT-IN FIRE PIT and watch the sunset while roasting marshmallows! The Saddlebrook community offers residents a great location in addition to the nice amenities that include a community pool and playground. You are just minutes from Orange Camp Road and I-4 for easy access to shopping, dining, area schools and so much more. Blue Grass Blvd gives you room to grow, a dream pool and the perfect water view - call today to schedule your tour!

Estimated
Seller's interest rate
2.75%
7%
Estimated
Principal & interest
$1,432/mo.
$2,245
You may also save up to $260,725 in total interest paid.
Listing price
$499,900

Your cash down payment
$174,511
Seller’s estimated current equity is $174,511
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,432 monthly payment

Financed
$325,388
Assumed mortgage 2.75% • Seller's rate
$325,388
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,154 sqft
Lot size
0.21 acres
Year built
2010
Type
Single Family Residence

Source: STELLAR #o6257434

Loan
Remaining term
26 years, 9 months
Rate
2.75%
Monthly P&I
$1,432
Remaining loan balance
$325,388

Source: Public records

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Dec 21, 2024 09:12 am
Listing agent: Jenny Wemert (407) 809-1193
Listing provided courtesy of: WEMERT GROUP REALTY LLC (407) 743-8356
Details provided by STELLAR and may not match the public record.
MLS ID: #o6257434
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,432/mo
View details