40 WINCHESTER RD, Ormond Beach, FL 32174
Welcome To Your 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.
You may be able to put down less than the total down payment amount of $209,669 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4938517