462 LIU LN, Deland, FL 32724
*** Ask about the 100% financing for first time home buyer if qualified *** Don’t miss the opportunity to afford living in the sought out Victoria Oaks neighborhood. Welcome to the Glenwood model by Dr Horton, home enhances space and flow throughout. The living areas feature durable ceramic tile flooring, perfect for high-traffic zones. Its kitchen, a culinary delight, is outfitted with stainless appliances, elegant granite countertops, beautiful backsplash, updated and modern light fixtures, and a roomy pantry, ensuring both functionality and style. The primary bedroom suite is a spacious retreat, complemented by a large walk-in closet. The ensuite bathroom comes with dual sinks set in granite countertops and a spacious walk-in shower. Home also includes a convenient interior laundry room, and a spacious 2 car garage. The sliding door leads to a screened in lanai allowing for outdoor freshness and breeze without pesky insects/flies and wonderful space to relax in and an ample size fenced in yard. Front door is a keyless entry with multiple combination capabilities. As for amenities, doesn’t get better than this, includes a large pool with outdoor furniture, cabana, picnic area, sand volleyball, and playground attached and let's not forget your FREE gym membership on site included. HOA covers High-Speed Internet, Cable TV, Irrigation with Reclaimed Water, and use of Common Facilities which makes financial sense. The homes is also equipped with a water softening system which is gentle on the skin, hair and clothing. Also, save thousands of dollars in energy cost with solar panels included in the purchase. The neighboring community and neighborhood, Victoria Hills offers a Golf Course, clubhouse with dining options, Victoria Commons shopping, and Advent Health medical facilities for your convenience. This home is a turnkey solution for those seeking comfort, style and affordability.
You may be able to put down less than the total down payment amount of $77,827 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: #o6231748
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.