40 Winchester Rd, Ormond Beach, FL 32174
4 beds · 4 baths · 2,386 sqft
UNDER MARKET VALUE!!! HUGE Price Reduction SELLER SAYS SELL!! Brilliant 5-Acre Private Idyllic Countryside Retreat Located In The Beautiful Gated Equestrian Community Of Eagle Rock Ranch. It's Absolutely What You Have Been Dreaming Of! This Home Has 4 Bedrooms, 3.5 Baths, Attached 2 Car Garage, A Detached Garage, A 1 Bed/1.5Bath Guest Cottage, A Sports Bar Area, A Dedicated Workspace With Plenty Of Room For Tools, Equipment, And Projects And More. A Bonus For The Car Enthusiasts A Hydraulic Car Lift, A Large Pond For The Fisherman. What More Do You Need? Inside The Home You Will Find A Well-Appointed Kitchen, Designed With Both Style And Functionality In Mind Featuring Modern Appliances, Ample Counter Space, And Plenty Of Storage, Making It A Joy To Cook And Entertain. Whether You Are Preparing A Casual Meal For Your Family Or Hosting A Dinner Party For Friends, The Open Floor Plan Seamlessly Connects The Kitchen And Living Room, Fostering A Sense Of Togetherness And Easy Flow. The Master Bedroom Is A True Retreat, Complete With An Ensuite Bathroom A Unique And Fabulous Double Rain Shower, And A Large Walk-In Closet With Built Ins. The Other 3 Bedrooms Include Another Ensuite With A Nice Large Bathroom. The Outdoor Spaces Of This Property Are Equally Impressive. Enjoy The Tranquil Ambiance Of The Screened-In Back Porch, Ideal For Outdoor Dining, Gardening, Or Simply Enjoying The Beauty Of Nature. Often You Will Have Friendly Deer, Turkeys, Eagles, Much More Wildlife That Visit. There Is So Much To Say About This Lovely Property. Even The Community Is Made For Enjoying A Walk, Jogging, Bicycling, Or Horseback Riding Around Its 2-1/2 Mile (Approx.) Private Paved Loop Road, Swimming In The Community Pool Or Use The Community Clubhouse For Special Events. You Can't Beat The Location, Close To I95, About 15 Minutes To Ormond Beach South For Shopping, Golf Courses, Hospitals, Banks, Schools, Restaurants. About 15 Minutes To Palm Coast North For The Same. About 20 Minutes To "The World's Most Famous Daytona Beach", The Volusia County Mall, Airport, Daytona International Speedway, And Much More! All information intended to be accurate but cannot be guaranteed.
Source: STELLAR #v4938517
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4938517
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: #v4938517
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.