5567 ESTERO LOOP, Port Orange, FL 32128
This beautifully crafted 2021 home with 4 bedrooms, 2 bathrooms, and a 2 car garage, boasts a modern, open layout perfect for both entertaining guests and everyday life. The heart of the home features an impressive kitchen, with rich wood cabinets and sleek granite countertops, complemented by a stylish tile backsplash. Stainless steel appliances are ready for your culinary adventures, while the generous walk-in pantry ensures ample storage. The oversized island not only provides additional counter seating but also extra space for all your kitchen essentials. Retreat to the comfort of your primary bedroom, featuring a massive walk-in closet that promises to keep your wardrobe organized and accessible. The split floorplan design offers a peaceful and private living experience for everyone in the household. Step outside to the covered pavered patio with roll down shade for your convenience, and enjoy the tranquil water views it offers. Newer wrought iron fenced in back yard. Conveniently located close to the Pavillion shopping, restaurants, movie theatre, Publix, I-95, beaches, Daytona International Speedway, and the Daytona International Airport. All information recorded in the MLS intended to be accurate but cannot be guaranteed. Buyer must verify HOA information, schools, measurements and all other information.
You may be able to put down less than the total down payment amount of $49,682 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: #v4936816