22 Untermeyer Pl, Palm Coast, FL 32164
4 beds · 2 baths · 2,208 sqft
Motivated Seller offering concessions. Beautiful 4b, 2b Home in immaculate condition with pristine landscaping in Seminole woods area of Palm coast. It is known as the S and U Sect. because all of the streets start with a S or U. This home is located in the U sect. and has the closest access to Flagler Beach, Which is only roughly 4 miles away from the entrance to Seminole Woods. It is located on the South side of Hwy 100 and a short distance west of I-4. This gives it easy and quick access to major travel routes and to the New Target shopping center, Flagler Hospital and Flagler County Municipal Airport as well. Sect. S of Seminole Woods subdivision has a park with play ground, tennis court and Basketball courts right around the corner. Further, Palm Coast parkway is only 10 miles away giving it quickest access to the Daytona Beach area as well. Hwy 100 to the North and US 1 to the south give it direct access to the city of Bunnell and its country charm. Surrounded by woods and empty lots there is still much growth to be had and as such the value of this home is sure to grow over time as a great investment as well.
Source: STELLAR #v4937769
Source: STELLAR #v4937769
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: #v4937769