512 Stowers Dr, New Smyrna Beach, FL 32168
4 beds · 2 baths · 1,983 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Your New HOME! This beautiful, 5-year-young home is not only move-in ready but comes with a rare opportunity—an assumable mortgage at just 2.5! (Buyer must qualify.) Located in the desirable Coastal Woods community, this 4-bedroom, 2-bathroom home offers a perfect blend of comfort, style, and convenience. Step inside the Neuville Model by D.R. Horton, built in 2020, and you’ll be greeted by a bright, open-concept layout designed for effortless living and entertaining. The spacious kitchen is the heart of the home, featuring a large island with seating, ample counter space, and a walk-in pantry with built-in shelving to keep everything organized and within reach. The split floor plan ensures privacy, with the primary suite tucked away and boasting an elegant en suite bathroom with dual sinks and a walk-in closet with custom shelving for optimal storage and style. The Sliding glass doors off the dining area lead to a generous backyard, offering tranquil preserve views and plenty of room to add your dream pool, screened patio, or garden oasis—perfect for enjoying Florida’s year-round sunshine. The Community Amenities include: Pickle ball court, Community pool,Two playgrounds,Sidewalks for easy strolls or bike rides. The community is centrally located 5 minutes to I-95, 10 minutes to the beach, 20 minutes to the Daytona NASCAR Track, 75 minutes to Orlando’s world-famous theme parks, close to golf courses, dining, and shopping. Bring your vision, paint preferences, and personal touches to truly make this house your home! With a stellar location, functional layout, and unbeatable interest rate option, this is the opportunity you’ve been waiting for. Don’t miss out—call today to schedule your private tour.
Source: STELLAR #O6286154
Source: STELLAR #O6286154
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.
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.
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.
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.
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 and Equal Opportunity Act.