574 Lady Grace Pl, Deland, FL 32724
5 beds · 3 baths · 2,522 sqft
Welcome to this stunning five-bedroom, two-and-a-half-bathroom home located in the highly sought-after Victoria Oaks community. This spacious residence offers an open-concept floor plan with modern upgrades, making it perfect for families and entertainers alike. Upon entering, you’ll find tile flooring throughout the main living areas, creating a seamless and elegant look. The gourmet kitchen is a chef’s dream, featuring stainless steel appliances, stone countertops, an island with an undermount sink, and ample cabinet space. A main-level bedroom provides versatility for guests, a home office, or additional living space. Upstairs, the primary suite boasts an en-suite bathroom with double vanity sinks and a spacious layout. The remaining bedrooms offer comfortable carpeting and generous closet space. The indoor laundry room adds convenience, making everyday living effortless. Step outside to a beautifully landscaped backyard with a covered sitting area, perfect for relaxing or entertaining guests year-round. Living in Victoria Oaks means enjoying resort-style amenities, including a community pool, a state-of-the-art fitness center, a playground, Volleyball courts and scenic walking trails. The HOA dues include cable, irrigation, and high-speed internet. Conveniently located in Deland, Florida, this home is just minutes from top-rated schools, shopping, dining, and major highways, offering easy access to surrounding areas. Don’t miss the opportunity to own this exceptional home in Victoria Oaks. Schedule your private tour today. Contact us now for more details.
Source: STELLAR #O6278632
Financials
Source: Public records
Source: STELLAR #O6278632
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.