36 Wasserman Dr, Palm Coast, FL 32164
3 beds · 2 baths · 2,433 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this beautiful custom-built home in the highly desirable Pine Lakes community! Just minutes from the golf course, this 3-bedroom, 2-bath block and stucco home offers over 2,400 square feet of living space and is ideal for entertaining and comfortable living. This move-in-ready home has been meticulously maintained. As you enter, you're greeted by a formal living room and a spacious dining room, perfect for gatherings. The expansive kitchen features an eat-in area, a center island, and a large sliding glass pass-through that leads out to the lanai. The family room, open to the kitchen, is truly the heart of the home, with sliders that fold into the wall, connecting the living and family rooms seamlessly with the beautiful lanai. The home boasts granite countertops, a tile backsplash in the kitchen, and a unique kitchen garage to discreetly store appliances like blenders and crock pots, keeping countertops clutter-free. A trash and recycle cabinet adds to the convenience. Updated tile flooring in the entry, hallway, and kitchen, along with elegant chair railing details, enhance the home's charm. The primary suite features an adjacent sitting room, and its bathroom includes a dedicated switch for instant hot water. A hidden hamper cabinet adds a practical touch. Recent updates include a new roof and skylights in 2016, a new air conditioner in 2021, a new garage door and opener in 2024, as well as updated exterior lighting. Additional highlights include a full irrigation system with a deep water well, a transfer panel for portable generator hookup, a summer kitchen with a JennAir stove, an in-ground spa, attic storage, a glass front door, four exterior hose bibs, and a street light. The oversized 22x23 garage offers ample space, and the separate transfer switch in the garage ensures you’re prepared for power outages. Don’t miss out on this incredible opportunity to own a beautifully maintained home in Pine Lakes!
Source: STELLAR #FC305109
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #FC305109
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.