309 N Boston Ave, Deland, FL 32724
2 beds · 1 baths · 736 sqft
Versatile Opportunity – Ideal Residential Home or Investment Property Near Stetson University & Downtown DeLand This charming historic home offers incredible potential, whether you’re looking for a residence or an investment property. Located just a short distance from Stetson University and the vibrant downtown DeLand area, it’s a perfect fit for university faculty, professionals, or anyone seeking convenience and proximity to local amenities. The spacious fenced backyard provides a private outdoor retreat, while the newly updated kitchen combines modern features with functionality in a compact space. A screened-in deck is perfect for relaxing or entertaining, and the inviting front porch enhances the home’s overall charm. Original hardwood floors flow throughout the house, adding warmth and character, while newer windows and a 2020 roof ensure peace of mind for years to come. Additionally, the property boasts a spacious outdoor storage area with room to accommodate a vehicle, offering extra utility and convenience. The strong rental potential and desirable location make this home a perfect investment, with opportunities for both short- and long-term leasing. It’s an ideal home for those working or studying nearby, with the option for excellent returns in a sought-after area. Whether you’re seeking a charming place to call home or a property with great investment potential, this home offers the best of both worlds. It’s a rare opportunity to secure a residence with a proven track record of strong demand in DeLand’s growing market.
Source: STELLAR #V4940714
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #V4940714
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.