2935 Mcclellan St, Deltona, FL 32738
3 beds · 2 baths · 1,628 sqft sqft
ASSUMABLE LOAN 3 PERCENT INTEREST RATE! BEAUTIFULLY RENOVATED HOME IN 2023 & 2024, WITH NEWER ROOF, FRESH FLOORING, NEW BATHROOMS, UPDATED GARAGE INCLUDING GARAGE DOOR MOTOR, FRESHLY PAINTED, FEW WINDOWS REPLACED, NEW FENCE, NEW FIXTURES AND AC INSTALLED IN 2021. Amazing opportunity to own a property well maintain. Step into this cozy home with 3 bedrooms and 2 baths situated on a tranquil street setting. This home features 1628 sq ft of living space with vaulted ceilings, ceramic tile across the house. As you enter this home, you are greeted by a welcoming front porch to enjoy a view of a peaceful neighborhood, a Formal Living and Formal Dining room, and a spacious Family room with French doors leading to the screened back porch overlooking the backyard. Enjoy the privacy of a fenced back yard for entertainment space and relaxed settings. The kitchen is tastefully painted with a nice breakfast bar and space in counter with stainless-steel appliances. The master suite offers a spacious bedroom with an 8x4 ft walk-in closet and master bathroom with a shower. Laundry room is located next to the kitchen leading to the 2-car garage. This home is conveniently located close to I-4 and easy access to Highway 415.
Source: STELLAR #o6250675
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6250675
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: #o6250675
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.