605 Champions Gate Blvd, Deland, FL 32724
4 beds · 2 baths · 1,825 sqft
Come see this amazing , meticulously maintained newer 4 bedroom/2 bath and 2 car garage home in desirable Saddlebrook! Sitting up high and dry with a lovely view of the picturesque pond from your screened back porch and main bedroom. This is a great floorplan! Spacious entry with plenty of room for decor there, then onward to 4 bedrooms, all separated, the main bedroom suite is located on the other side of the house so its very private. The main bedroom suite offers a huge walk in closet , walk in shower large soaker tub and double sink vanity. The guest bath has been remodeled with a large walk in shower with glass doors. The kitchen is open with lots of 42 inch beautiful wood cabinets, large closet pantry, upgraded appliances, granite counters, beautiful backsplash and large island and it opens into the great room that adjoins the Screened porch where you can See the pond! Inside Laundry room with washer and dryer that stays with home. Nice tile flooring throughout home except bedrooms where the Seller has newer carpet. Plantation Shutters throughout home. The Exterior features a landscaped and manicured lawn. The Seller has just renewed the TERMITE BOND for another 10 years. The home was upgraded with stone on the front of the home. Nice 2 car garage with garage door opener and lots of storage. The community features a swimming pool, cabana and playground, lots of water features. The location is wonderful, only minutes from I-4 , shopping, dining, doctors, hospitals, vets, movies and much more. Only a 30 commute to Orlando area or Daytona area! Come see !!
Source: STELLAR #V4935536
Financials
Source: Public records
Source: STELLAR #V4935536
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.