364 SPRUCE PINE DR, Debary, FL 32713
One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer ~ Away from the hustle and bustle of Orlando, perfectly situated in Debary’s Springview Woods, you will find this beautiful 2018 built 4-bedroom, 2-bath home featuring a bright and modern OPEN CONCEPT kitchen, living and dining with a SCREENED LANAI and FULLY FENCED BACKYARD! Ideal SPLIT BEDROOMS put the guest spaces at the front of the home with three additional bedrooms and a full guest bath giving you versatile options and room to grow. The generous PRIMARY SUITE can be accessed off the living area and features a private en-suite bath and spacious WALK-IN CLOSET! The modern kitchen serves as the heart of the home and the family chef will not be disappointed to find a nice mix of SHAKER STYLE CABINETRY and styled open shelving, GRANITE COUNTERTOPS, a walk-in pantry for ample storage, STAINLESS STEEL APPLIANCES and there is additional casual dining at the breakfast bar on the OVERSIZED ISLAND. The kitchen is open to the dining area and living room complete with an ELECTRIC FIREPLACE centered between BUILT-IN SHELVING for added character. There is sliding glass door access to the screened lanai overlooking a fenced yard perfect for gathering with family and entertaining friends over a weekend cookout. Residents will enjoy the use of a community playground and the proximity to shopping, dining, parks, the Debary SunRail station, with a short commute to Gemini Springs Park, Central Florida Zoo, Botanical Gardens and so much more. This MOVE-IN READY HOME is easy to show and primed for a new owner. Is that you? Call today to schedule a tour!
You may be able to put down less than the total down payment amount of $152,660 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: #o6231313
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.