5936 Peggy Dr, Port Orange, FL 32127
3 beds · 2 baths · 1,693 sqft
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to the home you've been waiting for—where your search ends and your dream lifestyle begins! This stunning, move-in-ready, 4-bedroom, 2-bathroom, 2-car garage pool home sits on a picturesque quarter-acre, waterfront lot in the sought-after Lone Oak Subdivision—with no HOA! Nestled in the heart of Port Orange and zoned for top-rated schools, this location offers walking access to All Children's Park, Neighbors Ice Cream, and more. Upon arrival, fresh exterior paint and landscaping create an inviting first impression. Step inside to a bright and airy open floorplan, where a completely renovated kitchen showcases white shaker soft-close cabinets, stainless steel appliances, and gorgeous Calacatta quartz countertops, including an expansive breakfast bar. The spacious living and dining areas flow effortlessly onto a large, covered lanai that overlooks the sparkling screened saltwater pool, equipped with a new pump and chlorinator. It's the perfect space for relaxing or entertaining, with tranquil lake views and unforgettable sunsets. The versatile dining room is perfect for family gatherings but can easily be adapted as a home office, playroom, or creative space to suit your needs. Designed for privacy, the split floorplan places the luxurious primary suite in its own wing, featuring an en-suite bathroom with a custom-tiled shower, double quartz vanity, and a new LED mirror. Conveniently, the en-suite also doubles as a pool bath. At the other wing of the home, you'll find three spacious guest bedrooms and an elegant guest bath with floor-to-ceiling tile, a quartz-topped vanity, and an LED mirror. Throughout the home, you'll notice stylish updates, including luxury vinyl plank flooring, modern light fixtures, and fresh interior paint. Additional highlights include an inside laundry room and skylights that fill the home with natural light. This beautifully renovated lakefront gem combines elegance, comfort, and convenience in an unbeatable Port Orange location. Don't miss this opportunity. Your dream home awaits! Experience the full allure of this home with the 3D Tour, Virtual Walkthrough video, and schedule a private tour.
Source: STELLAR #v4939360
Source: STELLAR #v4939360
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: #v4939360
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.