1743 Red Rock Rd, New Smyrna Beach, FL 32168
3 beds · 2 baths · 1,690 sqft
Location, convenience, low maintenance, and close to the pool! If you are financing you do not have to wait for rates to come down to get a great rate, this home has a 4.5% ASSUMABLE LOAN! These are just a few features, and added bonuses of this beautiful 3 bedroom 2 bath home sitting right in the middle of New Smyrna Beach. Located in the beautiful and new subdivision of Oak Leaf Preserve, this home has everything that you are looking for in a 2022 home! It features and open floor plan, granite counter tops, in-door laundry, a luxurious master bedroom with large bathroom, tile flooring throughout the main areas, and higher ceilings. The large Lanai/ Porch faces a tranquil wood-line, so you can sit out back and have the peace a serenity you are looking for, while enjoying your larger back yard! The community is gated and the pool is just steps away, so you have all the convenience, and none of the maintenance. The association also cuts the grass, so no more yard work! Being built in 2022 the home is almost brand new, so move in and do nothing! Your beautiful newer home awaits in one of the most desirable areas in Florida, and New Smyrna Beach! Schedule a private showing and come see it today!
Source: STELLAR #fc303018
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc303018
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: #fc303018
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.