360 Gleneagles Dr, New Smyrna Beach, FL 32168
2 beds · 2 baths · 1,293 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Don’t miss this opportunity! Visit today and discover why this house will steal your heart! Discover the charm of this stunning home located in the distinguished Sugarmill Country Club area! Your perfect getaway is just a 10-minute drive from the beach. Experience the beauty for yourself! This beautiful home is situated in the private, gated community of Sugar Mill Country Club, specifically in the desirable Brae Burn III neighborhood. It features luxurious wood flooring and an open floor plan, with glass sliders that connect the living room to a spacious Florida room. The fully screened Florida room opens to a backyard adorned with a gorgeous tropical garden, a wooden deck, an outdoor shower, and a rain catchment barrel for watering plants. The kitchen was updated in 2019 and includes granite countertops, soft-close wood cabinets, a gas stove with a griddle, a farmhouse sink, a breakfast bar, a pantry, recessed lighting, and GE appliances. The large dining room can easily be converted into a third bedroom if desired, as it has closets that make the transition simple. The master bedroom features a ceiling fan, while the master bath includes ceramic tile flooring, a ceramic tile shower stall, a Corian vanity, and a skylight. The second bedroom is ideal for guests or could serve as a home office. The second bathroom also boasts ceramic tile flooring, a ceramic tile shower stall, and a Corian vanity. Additionally, an attached garage is equipped with a ceiling fan and air conditioning. Recent updates to the property include a new roof installed in 2016, an AC system updated in 2022 and 2018, a water heater from 2018, and a water softener system. The Brae Burn community offers three pools, including one heated pool for winter enjoyment. HOA fees cover high-speed internet, front yard maintenance, upkeep of the sprinkler system, exterior home painting every six years, and roof maintenance, which includes clearing debris and cleaning gutters four times a year.
Source: STELLAR #O6275037
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 #O6275037
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.