567 James St, Orange City, FL 32763
4 beds · 2 baths · 1,368 sqft
Under contract-accepting backup offers. Rare find! Cast your eyes on this newly updated modern FARMHOUSE home in Orange City. You will enjoy this quiet dead end street. Renovations completed for you, Just unpack your bags!! Very few FOUR-bedroom homes left in Orange City. As you enter the home you will be greeted with new luxury vinyl plank floors throughout. The wood burning FIREPLACE is perfect for a cozy atmosphere in the winter months. You will be pleasantly surprised with the newly updated kitchen decorated with butcher block countertops. It is both stunning and functional for your daily meal planning. Both bathrooms have been remodeled with modern finishings. The Florida room is open and spacious. This space is perfect for you to gather with your family, watch the ball game, or entertain friends. The home features an indoor laundry room. The very spacious backyard features mature trees and is completely fenced in for barbecues and fur babies to run freely. The home has ample storage space, with a front storage area and two sheds with electric, in the backyard. There is a well for the sprinkler system. The home is situated halfway between the sandy beaches and Orlando theme parks. The home is one mile from Blue Springs State Park and NATURE bike trials. Have a boat? Like to Fish? You will be just a little over a mile to St. John’s river BOAT DROP. NO HOA. Want move in ready? This is it !!! With all this and it’s perfect location do not delay, schedule your showing today!! Florida Room 24x11, Roof 2019, Hot water tank 2023
Source: STELLAR #v4938587
Source: STELLAR #v4938587
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: #v4938587
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.