660 Landshark Blvd, Daytona Beach, FL 32124
3 beds · 3 baths · 2,402 sqft
VA assumable rate of 3.74 percent for qualified Veterans! Welcome to where life is one long weekend in the vibrant heart of Daytona Beach's Latitude Margaritaville, a premier older persons community. This exquisite single-family Cabana model, the crown jewel of the Beach Collection homes, is meticulously crafted to guarantee a luxurious living experience across its expansive 2,392 square feet. Featuring three generously sized bedrooms and 2.5 elegant bathrooms, this residence is designed to impress. Step into the grandeur of a formal dining room, entertain guests in the commodious great room, or find solitude in the cozy den with sleek glass doors. The designer kitchen is a culinary artist's dream, boasting custom pantry storage, premium cabinets with chic glass accent doors, and top-tier quartz countertops. Thoughtful upgrades abound, including majestic 8' doors, crown molding, durable laminate plank flooring, and charming plantation shutters. The den, great room, and master bedroom are each accented with recessed lighting, while the master closet showcases custom shelving for ultimate organization. The home's functional elegance extends to a meticulously maintained garage with a concrete epoxy coating and a whole house water filtration system. Step outside to discover a stunning custom saltwater pool, complete with a relaxing waterfall feature, heated for your comfort with an electric heat pump. This haven isn't just a home; it's a lifestyle. Dive into the good life and join the perpetual party that is Margaritaville!
Source: STELLAR #fc301187
Source: STELLAR #fc301187
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: #fc301187
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.