645 E Howry Ave, Deland, FL 32724
3 beds · 3 baths · 1,260 sqft
LOW 5.625% INTEREST RATE MORTGAGE ASSUMPTION IS AVAILABLE on this MUST SEE completely updated, modern, beautiful open floorplan, move-in ready 3 bedroom and 3 FULL bathroom home with TWO MASTER SUITES, solar panels, 2 year old roof, new plumbing, new electrical, 2 year old AC, paint, floors, modern kitchen with 2 year old stainless steel appliances, stone countertops, and beautiful wood cabinets. This beautiful home sits on an oversized lot tons of off street parking, huge side and back yard, and has perfect entertaining and relaxing space both inside and out. The backyard is a perfect retreat that is completely fenced in for your privacy and year round entertainment, and plenty of shade trees to relax under on sunny days. Large garage and storage room are located in the basement of the home! Don't miss your opportunity to buy such a beautiful home with NO HOA, in a great location that is only minutes away from the amazing architecture of beautiful, historic downtown DeLand. It is also close to great schools, fine dining, shopping, Stetson University, and easy access to I-4. This home is easily assumable with approval from the mortgage company. Don't miss out on this great low rate in today's market of rising rates!
Source: STELLAR #g5082089
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5082089
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 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: #g5082089
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.