415 W Rich Ave, Deland, FL 32720
4 beds · 3 baths · 2,432 sqft
Seller may consider buyer concessions if made in an offer ~ This oversized corner lot in the heart of Deland is your own little slice of small town charm complete with a beautiful historic home filled with a ton of recent updates including a private pool! Welcome to W Rich Ave where original 1905 HEART PINE FLOORS perfectly compliment a bright flowing floor plan with an UPDATED KITCHEN & BATHROOMS, FRESH LANDSCAPING FRONT & BACK (2024), a NEW ROOF (2023), NEW A/C UNITS (2023), NEW A/C DUCT WORK UPSTAIRS (2024), NEW ELECTRICAL PANEL (2023), TANKLESS WATER HEATER and the whole house has been converted to NATURAL GAS (2022). Even though this home has been updated it still exudes a timeless character in the gorgeous trim work you will see throughout - crown molding, doorways, the staircase and more! The main floor delivers a lovely foyer from which you can access a spacious living room that flows into a formal dining space as well as a second casual living area in the den/study. The kitchen is tucked away at the back of the home where many windows let the light pour in creating a warm and inviting atmosphere where the home chef will delight in the stylish cabinetry, upgraded STAINLESS STEEL APPLIANCES (2022), desirable stone countertops and decorative TILED BACKSPLASH, all with a view of the pool! The main floor also delivers a finished LAUNDRY ROOM (2025) and updated powder room (2022). The second floor has two guest bedrooms that share a full guest bath updated (2024) and is also where you will discover a unique space the owner can escape to in the generous bedroom that leads into a 23x11 SLEEPING PORCH and fully renovated primary bath (2022). If that weren’t enough the third floor offers yet another bedroom space, or perfect for a home office! Your private POOL and SPA were designed and installed in (2023) adding a modern twist to this historic home, the paver deck extends around the pool for plenty of seating and the large yard is fully fenced. The ideal location puts you just minutes from Downtown Deland, Stetson University, shopping, restaurants, parks and more. E New York Ave gives you a direct route to I-4 and the beach communities beyond. There is NO HOA, ample storage and plenty of parking. Call today to schedule a tour and let us WELCOME YOU HOME!
Source: STELLAR #O6283778
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6283778
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.