4 Pamela Pkwy, Palm Coast, FL 32137
3 beds · 2 baths · 1,810 sqft sqft
Luxury Living in the Trees, the only of of its kind located on the barrier island in the Hammock of Palm Coast Florida. This stunning home has so many versatile uses with it having a residential commercial zoning on two lots with the east lot being historic A1A frontage; but lined with trees and completely private and hidden from the road. Not included in the square footage is a newly built apartment with a kitchenette, bathroom, and bedroom with it's own private ground entrance. This can be a multigenerational living set up or a legal short term rental for income producing. This home was custom built to perfection, solid construction from the bottom to the top, a stunning 360 degree wrap around deck. The back deck living will have you living in the canopy of the trees. As you enter the home you are greeted with a custom loft integrated seemly adding to the architectural design. There is a floating loft that has 360 degree views of the neighborhood, with beautiful natural light this flex space has so many potential uses. The home boast three bedrooms, two bathrooms, and recently remolded kitchen with black honed granite. There is a single car garage and parking for at least 6 vehicles or recreational vehicles underneath the main level of the home with ample parking our in front of the home as well. There are no restrictions here with boats, or RV's. The huge outdoor grounds has a custom built fireplace with countertops and potential to add an outdoor kitchen cooking and plenty of room to build a pool.
Source: STELLAR #fc304798
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc304798
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: #fc304798
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