2 Fairchild Ln, Palm Coast, FL 32137
4 beds · 4 baths · 2,787 sqft
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. A Rare find! A large (almost 2,800 sq ft.) immaculate home with an OVERSIZED Pool on an OVERSIZED corner lot. It has an IN-LAW suite with its own entrance and a separate driveway. Thanks to the fully paid-off Solar panels, you can enjoy enormous energy savings: the current owner pays on average $25 each month!!! NO HOA, NO CDD, NO Short-Term-Rental Restrictions, which provides an amazing Airbnb investment potential. Approaching the house one is drawn in by the immaculate landscape and well-established palm trees, a true Florida stable and even two(!) driveways. Walking inside, you will be greeted by an abundance of natural light, vaulted ceilings, space and a perfect mix of modern luxury with a rustic feel. The open-concept design is accented by the exceptional, remodeled kitchen, with ample cabinet space, new granite countertops, all stainless steel appliances, wine rack and even a breakfast bar. Enjoy true Florida living thanks to your very own, fully screened-in, large (33' x 14') POOL - with brand new (2024) multi-colored lights! The pool has been freshly resurfaced in 2024 and comes with a newer pool pump (2020) as well as a fresh pool filter (2022). This home is perfect for luxury, living, comfort, style entertainment and relaxation in your own private oasis. The new owner can enjoy great peace of mind, thanks to numerous upgrades from recent years: new gutters (2024); new entrance doors (2024), new floors (2024) in the bedrooms, a newer roof (2018), fresh hot water tank (2020), and a comprehensive whole-house water filtration and softening system (2020) and finally a newer (2022) HVAC system with UV technology in the main building! Solar panels installed in 2020 and cost over $40,000. The home also offers its own well as well as a sprinkler system. This home offers a private entrance to a mother-in-law suite, which offers their own bedroom, bathroom and even living room making it a perfect place for your out-of-town guests or multigenerational living. Nestled in the highly desirable Palm Harbor neighborhood, this home offers convenient access to all the best attractions, shopping, and dining options Palm Coast has to offer. The charming European Village is just a 7-minute drive away, and you're only 12 minutes from the pristine beaches, where you can enjoy over 19 miles of uncrowded coastline. Palm Coast is a paradise for outdoor enthusiasts, boasting 125 miles of hiking and biking trails, 15 beautiful parks, world-class golfing and tennis facilities, as well as excellent fishing and boating opportunities. Plus, you’re just a short drive from the historic city of St. Augustine and the world-renowned Daytona Beach. Enjoy the best of Florida living in this perfect location!
Source: STELLAR #fc303432
Source: STELLAR #fc303432
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: #fc303432