3800 Saxon Dr # 190, New Smyrna Beach, FL 32169
2 beds · 2 baths · 838 sqft
Just a short stroll from the pristine shoreline and moments from the tranquil waters of the Indian River, this home offers an unbeatable location for beach lovers and outdoor enthusiasts alike. This beautifully updated 2-bedroom, 1.5-bath ground-floor condo offers the perfect blend of coastal charm and modern convenience. Step inside to find a stylish interior featuring white shaker cabinets, stainless steel appliances, quartz countertops, and a stunning tile backsplash in the kitchen. All actual furniture, besides wall hangings and personal items, stays — making this home truly move-in ready. The open living space is designed for comfort, while the screened-in back porch with extra storage provides a serene spot to unwind. Enjoy access to community amenities, including a refreshing pool and outdoor BBQ area—ideal for entertaining. Beyond the condo, the Indian River is just a short stroll away, inviting you to explore its tranquil waters through kayaking, fishing, or simply soaking in the scenic views. Experience the best of New Smyrna Beach’s laid-back atmosphere, with its vibrant arts scene, unique boutiques, and an array of waterfront dining options just minutes away. Whether you're seeking a weekend getaway or full-time coastal living, this home offers the ultimate Florida lifestyle!
Source: STELLAR #O6285203
Financials
Source: Public records
Source: STELLAR #O6285203
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.