1646 CENTER ST, Deland, FL 32720
Welcome to this charming 3-bedroom, 2-bathroom home located at 1646 Center St in DeLand, Florida. Just around the corner of Lake Beresford, this newly listed property offers 1,600 square feet of living space, 0.31 of Acre and has recently undergone a series of updates to enhance its appeal and functionality. Step inside to discover a fresh interior with new paint throughout, creating a clean and inviting atmosphere. The flooring has been upgraded with new luxury vinyl planks and plush carpet, providing both style and comfort. The kitchen boasts resurfaced cabinets with modern pulls, complemented by new light fixtures and a sleek stainless steel range. The primary bathroom and guest bathroom have both received thoughtful updates to extend the home's modern feel while maintaining its cozy charm. The property's exterior hasn't been forgotten, with a fresh coat of paint adding curb appeal. Recent mechanical improvements include a replaced air handler and a water heater installed in 2023. A new septic tank is also being installed, ensuring the home's systems are up-to-date and reliable. One of the standout features of this property is its large fenced-in backyard, perfect for outdoor activities, gardening, or simply enjoying the Florida sunshine. NO HOA! This means you won't have to worry about monthly HOA fees or restrictive covenants. The surrounding neighborhood offers a wealth of amenities, including the nearby DeLand SunRail Station, perfect for commuters. For those who love the outdoors, Lake Beresford Park is just a short distance away, offering recreational opportunities and beautiful scenery. The Bartram Garden & Trail is also close by, providing excellent options for hiking and exploring the local landscape. This home presents a fantastic opportunity for those seeking a move-in ready property in a desirable location. With its recent updates, comfortable living space, and proximity to local attractions, it's an ideal choice for families, professionals, or anyone looking to enjoy the DeLand lifestyle. Don't miss your chance to make this lovely house your new home!
You may be able to put down less than the total down payment amount of $175,939 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: #o6224411