513 Old Minorcan Trl, New Smyrna Beach, FL 32168
3 beds · 2 baths · 1,734 sqft sqft
MOTIVATED SELLER! Welcome to your oasis! This stunning 3-bedroom, 2-bathroom home boasts a prime location in a quiet neighborhood with no HOA, just minutes from beaches, the river, and major highways. Step inside to discover a completely remodeled interior with exquisite custom finishes throughout. The chef's kitchen is a masterpiece with abundant built-ins, soft-close cabinets and drawers, a built-in pantry, and a specialized silverware drawer. The open floor plan seamlessly connects the kitchen to the dining and living areas, perfect for entertaining guests or relaxing with family. Natural light floods the home, enhanced by a skylight and a charming sunroom that invites the outdoors in. Enjoy peaceful views of mature landscaping and nature from every angle, with a vinyl fence ensuring privacy in the expansive backyard. A paver patio provides an ideal spot for morning coffee or evening cocktails. The highlight of the primary suite is the massive shower featuring an impressive 12 shower heads, complemented by a built-in closet for ample storage. Two additional well-appointed bedrooms share a beautiful second bathroom. Additional features include high-end new vinyl flooring throughout, a 2-car garage for convenient parking and storage, 2022 tankless water heater, whole home surge protector, irrigation system, 2018 roof, 2021 A/C and great neighbors adding to the community charm. Don't miss this rare opportunity to own a meticulously upgraded home in a centrally located, tranquil setting. Schedule your showing today and imagine yourself living the coastal lifestyle you've always dreamed of! All measurements and information to be verified by buyers and buyers agent.
Source: STELLAR #ns1081864
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1081864
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: #ns1081864
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.