3 FAIRFAX CT, Palm Coast, FL 32164
Step into the epitome of luxury living with this exquisite 4-bedroom, 2219 square foot pool home nestled on a coveted corner lot in the prestigious Arlington subdivision. Radiating a perfect harmony of comfort and style, the open floor plan welcomes you with vaulted ceilings in the formal living and dining areas, creating an immediate sense of spacious elegance. The well-designed kitchen, a hub for entertaining, seamlessly connects to a cozy family room, perfect for creating cherished memories with loved ones. Sunlight bathes the living spaces through large sliders in the breakfast area, dining room, and master bedroom, all leading to the lanai. Revel in a home filled with warmth and natural light. The split floor plan ensures the owner's privacy with walk-in closets, blending comfort and functionality seamlessly. Step outside into your private oasis on an oversized corner lot that offers both privacy and a sparkling heated pool and spa with upgraded equipment, perfect for relaxation or entertaining. This home boasts recent upgrades for your peace of mind and convenience. The HVAC was replaced in 2016, ensuring energy efficiency and climate control, while the Roof has been recently renewed in 2015, guaranteeing longevity. Nestled in the sought-after Arlington subdivision, this property is more than a home; it's a lifestyle. Enjoy the convenience of nearby amenities, schools, parks, and more. Seize the opportunity to make this your dream home. Schedule a viewing today and envision a life of luxury and comfort in this Arlington gem.
You may be able to put down less than the total down payment amount of $77,522 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: #fc297474