215 S Venetian Way, Port Orange, FL 32127
4 beds · 3 baths · 3,021 sqft sqft
This rare find, nestled between the Halifax River and Wilbur Beach, offers a unique blend of comfort and style. Just two blocks from a no-drive beach, this home includes a main house and an in-law suite. The main house features 3 bedrooms and 2 bathrooms, adorned with imported Italian Terrazzo tile floors throughout most of the space. Additional tiles are included for potential future use. The main house showcases stylish contemporary finishes with exposed brick, exposed stone, accent walls, and plantation shutters. The main living area boasts huge windows, receiving an abundance of natural light, and a sunken second living space features a modern fireplace. The master bedroom is spacious, with ample closet space and an on-suite bathroom. Bedroom 2 is bright and has a new sliding glass door for rear access. The bi-level in-law suite, spanning over 1300+ Sq Ft, has its own separate entrance. The first floor offers a spacious living room with exposed brick, a stone fireplace, and access to the rear yard, while the second floor hosts a large bedroom with room for another living area, a walk-in closet, and a spacious bathroom. A sliding glass door leads to a deck with views of the Halifax River. Outside, the home offers 7+ parking spots, a deck with river views, and a spacious yard complete with a fire pit. A 1-car garage adds convenience. Recent upgrades include new soffit and fascia (2024), exterior paint (2024), and a new deck (2023). The roof was replaced in 2017, and the property was connected to the public sewer in 2016. HVAC systems were updated in the main house in 2016 and the in-law suite in 2023. The main house was re-piped in 2018, and the in-law suite's hot water heater was replaced in 2019. Schedule your showing on this unique property today !
Source: STELLAR #t3545097
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3545097
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: #t3545097
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