38 Canterbury Woods, Ormond Beach, FL 32174
5 beds · 3 baths · 2,800 sqft
Please be advised the utilities are not active for this property. Step into this exquisite 5-bedroom, 3-bathroom residence, designed for those seeking both luxury and functionality. The home is highlighted by soaring volume ceilings and triple sliders that open to a secluded backyard pool. This thoughtfully configured home provides versatile room use possibilities to suit your unique lifestyle. The lower level features four spacious bedrooms, while the upper level unveils a sprawling bonus room, perfect as an in-law suite, entertainment area, or additional bedroom. This versatile space is equipped with a wet bar, closet, pre-wiring for sound, and a well-appointed bathroom. Recent upgrades enhance the allure of this property, including a new roof, glass front door, garage door, and an upcoming new refrigerator. Contemporary ceiling fans add to the stylish and comfortable living environment. Step into your backyard oasis, designed for elevated entertaining around the solar-heated, screened-in pool with a sunbathing island and outdoor shower. Safety and peace of mind are ensured with the home's robust block construction and hurricane shutters, including motorized shutters for the rear lanai and front door. Situated in the prestigious Hunters Ridge neighborhood, residents enjoy access to upscale amenities such as a tennis court, two community pools, a clubhouse, and extensive sidewalks perfect for leisurely strolls. The previous buyers failed to secure their financing and the seller is motivated. By appointment only, make your move before this aggressively priced home is off the market.
Source: STELLAR #o6169755
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6169755
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: #o6169755
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.