41 Westgate Ln, Palm Coast, FL 32164
4 beds · 3 baths · 2,482 sqft
Located in the desirable Pine Lakes subdivision of Palm Coast, this spacious 4-bedroom, 3-bathroom pool home has endless possibilities. The property features a circular driveway and boasts a 2022 new roof, skylights, and gutters. It would be perfect for multi-generational living and great for entertaining. The main living area has vaulted ceilings, a formal dining room, a kitchen with a built-in eating area, living room, and a family room. There’s a bedroom with an ensuite bathroom and a guest wing offering privacy, with 2 bedrooms and a full bathroom that leads to the pool area. The master suite includes a walk-in closet, bathroom with a walk-in shower and dual vanities, along with sliders leading directly to the lanai. Additional sliders from two main living areas and a guest bedroom make it convenient to enjoy the outdoor lifestyle you have always dreamed of. The backyard includes a large electric-heated screened in pool with a covered lanai area and a fully fenced in yard. For pet lovers, there's a kennel dog run on the side of the home. Enjoy easy access to local amenities, including shopping, dining, walking/biking trails, beautiful beaches, golf courses and parks. Paradise awaits you!
Source: STELLAR #fc304056
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc304056
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: #fc304056
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.