630 Olive St, South Daytona, FL 32119
3 beds · 1 baths · 882 sqft sqft
Welcome to this beautifully maintained 3-bedroom, 1-bath home in the heart of South Daytona, perfect for those seeking comfort and convenience in a charming neighborhood three miles from the beach. Spanning 882 square feet plus the third bedroom area offers a delightful combination of functional updates ideal for first-time buyers or anyone looking to downsize without compromising on quality. Step inside to discover a bright and welcoming living area with ample natural light, making it perfect space for relaxing or entertaining guests. Two well sized bedrooms and a smaller bedroom could be used as a study. The kitchen opens into a cozy dining area where you can enjoy meals while overlooking the backyard perfect for hosting outdoor gatherings or simply enjoying the Florida sunshine. One of the standout features of this home is the two-car garage, which not only provides ample parking but also includes a versatile workshop area. Whether you're a hobbyist or just need extra storage, this space is perfect for projects or organization. The outdoor space is equally impressive backyard that offers endless possibilities for gardening, play, or relaxation. The property’s lot provides plenty of room for future landscaping, and the covered patio screened area is a great spot for unwinding after a long day. Notably, the roof is only three years old, providing peace of mind and protecting your investment for years to come. The home has been well-maintained. Situated in a quiet and friendly neighborhood, this home is just minutes away from local schools, shopping centers, and parks, offering convenience at every turn. Whether you're heading to work or enjoying the weekend, the central location provides easy access to major highways and nearby beaches, making both commuting and leisure activities a breeze. This South Daytona gem combines the best of cozy living with practical updates, offering an exceptional opportunity to own a home that meets both your current needs and future potential. Don’t miss the chance to make this delightful property yours!
Source: STELLAR #ns1082760
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082760
Source: Public records
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 30-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: #ns1082760
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.