6665 Merryvale Ln, Port Orange, FL 32128
5 beds · 5 baths · 3,737 sqft sqft
LUXURY ESTATE HOME IN COVENDALE- This is a huge 5 Bed ,4-1/2 Bathroom, oversized 2 Car Garage, Pool Home. On the Lake with Fountain View and Huge Pool Deck. The Family Room flows from Entry to Kitchen to Outside and features : Faux Fireplace and Shelving , Tray Ceilings , Wall of Windows overlooking Pool Area and Lake. The Kitchen has been renovated including : New Appliances, Solid Surface Counters , Backsplash, and Range Hood. The Primary Bedroom Features : 2 big walk-in Closets , Tray Ceiling, Views of Lake and Fountain, en-suite Bath with Walk-in shower and Jacuzzi Tub. 2 Guest Bedrooms and the Guest/Pool Bath are on the Main floor as are: The Office , Formal Dining , Casual Dining Nook , and Laundry . The Upstairs is 2 separate - Huge Private Living spaces with private Baths, and a covered Patio overlooking the Lake. This home has had many renovations, New Kitchen with Quarts Countertops, marble backsplash, 3 A/C systems installed in 2022,2023,2024, Central Vac system, New hot water heater in 2022, New variable speed pool pump 2021, POOL : resurfaced 2022, New Solar Heater, and Summer Kitchen. New garage door opener in 2023, House painted inside and out in 2021, Rear bonus plumbed for 2nd floor kitchen, new vanity with quarts countertops in primary bath and 1st floor bath. NEW ROOF WILL BE INSTALLED BEFORE CLOSING. MUST BE SEEN to be appreciated. Near I-4 and I-95 corridors, Shopping , Dining , Beaches and Great Schools. All information is intended to be correct, but not Guaranteed. MUST BE SEEN to be appreciated. Near I-4 and I-95 corridors, Shopping , Dining , Beaches and Great Schools.
Source: STELLAR #v4936756
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4936756
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4936756
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.