7 CLEE CT, Palm Coast, FL 32137
This energy efficient 2 bedroom, 3 bath home with a bonus room ready to be a third sleeping room with a private balcony awaits you. . This home is perfect for those seeking comfort, style, and sustainability. Enjoy your morning coffee watching the sun rise from the large screened-in porch with charcoal/smoker/gas grill or simply relaxing and enjoying the old fashioned garden. Your possibilities are endless! Equipped with solar panels and a solar hot water heater, this home is designed to keep energy costs low while reducing your carbon footprint. The oversized side-entry garage includes windows for natural light and a pull-down screen, offering the perfect blend of functionality and space. Enjoy Florida living at its best with an enclosed pool area, a separate screened-in section for entertaining, and a covered porch that overlooks a serene saltwater canal—ideal for relaxing and taking in the view.Don’t miss out on this unique property that combines modern amenities with charming features. Contact us today to schedule a private showing! Low, low electric costs....seller installed solar in 2023, bills have all been $26 per month (per seller...and this is the base FPL price) except one and it was $80. Solar panels will be paid off at closing.
You may be able to put down less than the total down payment amount of $184,806 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #fc302866