347 Caryota Ct, New Smyrna Beach, FL 32168
3 beds · 2 baths · 1,653 sqft
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.
Source: STELLAR #ns1082217
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082217
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #ns1082217
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.