2722 Larkspur Rd, Deland, FL 32724
3 beds · 2 baths · 1,328 sqft
Ideal starter home or investment property! Nestled in the desirable and tranquil neighborhood of Daytona Park Estates in DeLand the home boasts three spacious bedrooms and two well-appointed bathrooms. The open concept living room and Kitchen area offers ample space and layout for a comfortable living. The home features brand new vinyl flooring throughout, a 2 car garage, indoor laundry area, and high ceilings. This solid block home sits on a well maintained lot with well and septic to save on utility bills. The septic is Located in the front yard and was recently pumped last year. Located Close to I-4, International speedway, Stetson University, and historic Downtown DeLand offering privacy and convenience. Whether you’re looking for the perfect starter home or looking to expand your portfolio, this property is an excellent choice! Contact us today to schedule a viewing and explore the endless possibilities this property has to offers. **All Realtor information is presumed correct but not guaranteed including descriptions, measurements, zoning, uses. Buyer and Buyers Agent to verify all information.**
Source: STELLAR #v4937541
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4937541
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: #v4937541
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.