33 Prince Eric Ln, Palm Coast, FL 32164
3 beds · 2 baths · 1,560 sqft sqft
RARE OPPORTUNITY! DOUBLE LOT! Pool home includes an adjoining manicured lot, with workshop, for extra outdoor space or possible future sale! Inside the home you will find the formal dining room off the entry foyer. At the center is the ample sized kitchen with large windows and a great room with skylights to shower sunlight on those beautiful Florida days. The French doors lead to the covered lanai & screened enclosure featuring a beautiful, heated pool with a rock waterfall. New remote-controlled cylinder lights have been installed around the screened enclosure for nighttime enjoyment. The primary bedroom boasts an extra-large walk-in closet and bath with double sinks, water closet and step in shower. There are two additional bedrooms, a full bath and hallway with storage. All of the following have been replaced - NEW ROOF 2024, New skylight window covers, New HVAC 2023, Double pane windows in DR, kitchen & bedrooms, New water heater 2023, New pool valves & filtration pump. Additional features include wood laminate floors in dining room and bedrooms, granite counters in kitchen, tile backsplash, double stainless-steel sink, newer dishwasher, inside laundry room, pocket doors throughout, hurricane fabric coverings for windows, sprinkler system & well, water filtration system, circuit breaker panel in garage for future generator & termite bond. 10X20 workshop on adjoining lot has electric. Many fruit trees can be found such as fig, lemon, tangerine & kumquat. This truly is a unique property ready and waiting for its new owners to care for it. DON'T DELAY! SEE IT TODAY!
Source: STELLAR #fc302479
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc302479
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.
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: #fc302479