4 Pamela Pkwy
Palm Coast, FL 32137
3 beds · 2 baths · 1,810 sqft
$950,000
Get prequalifiedAbout this home
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. 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.
Source: REALMLS #2078904
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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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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