529 VENETIAN PALMS BLVD, New Smyrna Beach, FL 32168
Welcome to coastal living at its finest in this immaculate residence of Venetian Bay! Built in 2022, this home embodies modern elegance and boasts a flowing design that still sparkles like brand new to this day. An elegant covered front porch sets the tone for an early morning cup of coffee or the plants to soak in the Florida sun. As you walk in the front door, a spacious open floor plan flooded with natural light, creates an inviting ambiance for both relaxation and entertaining. Living / Dining combo ensures the family feel is constant. Fully upgraded kitchen offers granite countertops, eat in kitchen space, recess lighting, a walk in pantry and like brand new stainless steel appliances. Half bath and garage access are also present down here for pure convenience. As we head upstairs, a versatile den/loft space awaits, providing endless possibilities for a home office, media room, or an additional living area to suit your lifestyle needs. With 3 bedrooms and 2.5 bathrooms, comfort and convenience are paramount in every corner of this home. The luxurious master suite is absolutely enormous! Tray ceilings steal the show with room for a sitting area or even a vanity. On suite master bathroom is immaculate. Dual Sinks with granite countertops, a soaking tub plus walk in shower ... it is all you have dreamed of and more! The split floor plan offers the privacy and intimacy desired. Bedrooms 2 & 3 are front facing with tons of natural light, walk in closets and share the spotless 2nd full bathroom which offers a tub/shower combo. Just 2 years old, imagine the savings on insurance, energy and the HOA even handles your landscaping! Pretty awesome, huh? Beyond the confines of the home, indulge in the resort-style amenities that the Venetian Bay community has to offer. From pickleball and basketball courts to tennis courts and a premier golf course, 2 restaurant's... there's no shortage of recreational activities to enjoy just steps from your doorstep. Whether you're seeking an active lifestyle or simply crave a serene retreat, this property presents a rare opportunity to embrace the best of coastal living in a vibrant community setting. Don't miss your chance to make this dream home yours! Closing Cost Credit negotiable with full price offer (: <div style="padding:56.25% 0 0 0;position:relative;"><iframe src="https://my.matterport.com/show/?m=7KWyNqLG6Zm&mls=1" frameborder="0" allow="autoplay; fullscreen" allowfullscreen style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div>
You may be able to put down less than the total down payment amount of $37,769 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: #v4935865
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.