2947 MELETO BLVD, New Smyrna Beach, FL 32168
Welcome to your Waterfront Meritage home in the highly sought-after Venetian Bay Community of New Smyrna Beach, just 10 miles from the beach. Step through the entry door from your covered patio, which faces serene water views. This 3-bedroom, 2.5-bathroom home with a bonus/flex room spans 1,754 sq ft and features high ceilings and an open-concept design. The oversized master bedroom includes an ensuite bathroom with a luxurious soaker tub and walk-in closet. All bedrooms are conveniently located on the second floor, along with the laundry room, while a guest bathroom is situated on the first floor. The large 2-car garage provides easy access to the house. You'll love the energy efficiency of this Meritage-built home, with an average electric bill of just $110 per month. The modern kitchen boasts Whirlpool appliances, a large pantry closet, ample prep space, a dining area, and a spacious living room. Relax on the front porch and enjoy watching the ducks in the pond. The Vista Palms HOA fee of $95 per month covers lawn care, landscaping, mulch, irrigation, and more, ensuring a low-maintenance lifestyle. The Venetian Bay Community offers an array of amenities, including a Town Center, deli, coffee shops, miles of scenic bike and walking trails, and family-oriented activities such as golf cart parades and food truck gatherings. This vibrant community makes every day feel like a vacation. With easy access to I-95 and I-4, and nestled between Port Orange and Edgewater, New Smyrna Beach is home to fantastic events and restaurants. Don't miss the opportunity to make this beautiful waterfront home yours!
You may be able to put down less than the total down payment amount of $146,071 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #ns1081640