347 CARYOTA CT, New Smyrna Beach, FL 32168
Nestled in the prestigious Venetian Bay Palms subdivision, this newer 3-bedroom, 2-bath home is a true gem, boasting a plethora of upgrades that ensure modern comfort and style. As you step inside, you will be greeted by the elegance of tile and LVP vinyl flooring that flows seamlessly throughout the home. The kitchen pantry & primary walk-in closet are equipped with custom closet organizers, maximizing storage space & convenience. Enjoy the luxury of streak-free glass doors in your primary bath, while plantation shutters add a touch of sophistication to every room. The kitchen is a chef's delight, featuring an epoxy sink with a pull-out stainless-steel faucet & high-end stainless-steel appliances, including a French door refrigerator. Additional features also include upgraded lighting & gated front courtyard. Outdoors, the vinyl fence offers privacy, & the brick paver patio is perfect for entertaining or relaxing on your enclosed screen porch. The meticulously landscaped yard includes curbing around flower beds, enhancing the curb appeal. The two-car garage is not only functional but also stylish, with an epoxy-coated floor & MyQ Smart Garage Control for added safety and convenience. This home combines modern upgrades with a prime location, making it a must-see property in Venetian Bay Palms. The Venetian Bay community features include golf course, club house, town center, walking/bike trails, shopping, restaurants and much more. The optional country club membership and community beach club is available. Measurements & data are subject to errors, omissions or changes and should be verified.
You may be able to put down less than the total down payment amount of $63,663 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: #ns1082217
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.