7 Evansmill Ln, Palm Coast, FL 32164
4 beds · 2 baths · 2,452 sqft
Welcome Home to this updated pool home with over 2400 living square feet on a fully fenced oversized lot in desirable Cypress Knoll. Updates include A/C, Roof and Pool resurface (all in 2019), Gas for hot tub and gas range in 2020, new kitchen with granite tops and appliances 2020, oversized shed and fence 2021, pool solar in 2022. The windows in the living room and dining room have plantation shutters. There is a wood burning fireplace in the family room for Family and Friends to gather around when its time to get together. The Kitchen has a coveted gas stove, a moveable island and a top of the line refrigerator. The Master bedroom is oversized and has a door leading to the pool, a walk in closet, and large bathroom with jetted tub. The three guest bedrooms are on the opposite side of the home with a bathroom at the end of the hall that is also used as a pool bath. When its time to relax outside, the porch is large enough to accommodate everyone. You can choose either the oversized solar heated pool or free standing spa and enjoy the tranquil back yard. St. Augustine, the Nation's oldest city, is only 1/2 hour away and so is Daytona Beach, home of Daytona International Speedway and Bike week. There are airports in Daytona, Sanford, St. Augustine, Jacksonville and Orlando. Orlando theme parks are only one and a half hour away. The City of Palm Coast has been recognized by two national publications for being one of the "7 Best Places to Retire" and is also among "America's 50 Best Cities to Live". Flagler Beach is only 10 minutes away. CALL TODAY for your appointment.
Source: STELLAR #fc304152
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #fc304152
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: #fc304152
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.