22 Maplewood Trl, Ormond Beach, FL 32174
2 beds · 2 baths · 1,260 sqft sqft
Welcome to your serene oasis in Ormond Beach! This charming 2-bedroom, 2-bathroom townhome provides 1,260 sq ft of comfortable living space, nestled at the end of a quiet cul-de-sac for added privacy. Enjoy the convenience of being just moments away from local restaurants, shopping, and a short drive to the stunning beaches of Ormond and Daytona. Enter through your private, fenced courtyard, where you’ll be greeted by the inviting warmth of a wood-burning fireplace and soaring vaulted ceilings adorned with beautiful wood beams. The kitchen is a chef’s delight, featuring solid wood cabinets and sleek stainless steel appliances. The primary bedroom boasts an en suite bathroom complete with a spacious vanity and shower, perfect for your personal retreat. Outside, unwind on your private fenced-in rear patio, ideal for relaxation or entertaining. The desirable community amenities include a refreshing pool, clubhouse, and tennis courts, making this townhome a perfect blend of comfort and lifestyle. Don’t miss out on this incredible opportunity!
Source: STELLAR #o6248284
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6248284
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.
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: #o6248284