706 COSTA LN, Debary, FL 32713
Welcome to your Beautiful 3 bedroom 2-and-a-half-bathroom home. The Suncrest is a spacious rear-load garage home with 10’ ceilings and a large open concept living area incorporating kitchen, living, and dining areas. This home offers 12-foot sliding doors seamlessly transitioning the indoor living space to the generous Screened in lanai. The covered front porch overlooking beautifully landscaped space, is both the perfect spot to start or end your day as well as greeting your guests. The first floor includes a rear entrance into a mudroom/key drop space. You will love your gourmet kitchen equipped with G.E Profile appliances, White 42"cabinets, soft close drawers and quartz countertops. At the front entrance you will be greeted with a beautiful entry way. Off of the entryway is a spacious Office/Den with beautiful French doors. You will find plenty of storage and closet space on the first floor. You will also notice the beautiful 6x4 wood look ceramic tile through-out the main floor. Upstairs, you’ll find a loft, laundry room, and two bedrooms, along with the spacious primary ensuite with walk in closet. The primary bathroom has double sinks, frameless Shower wall and door,16x16 shower wall tile and quartz counter tops. Rivington is a planned community in the fast-expanding city of Debary. Community amenities include a resort style pool, indoor/outdoor clubhouse, playground and neighborhood green spaces. Located just a short drive to the Lake Mary employment center, I-4, 417, and 17-92, as well as just 1 mile from the Debary Sunrail Station. This is an inviting area for those who enjoy outdoor recreation. Adjacent to the St. Johns River and south of Konomac Lake you’re just minutes away from River City Nature Park and Gemini Springs State Park. There’s more fun on the water close by at Lake Monroe Park. One of Volusia County’s most popular parks which includes floating docks, picnic pavilions, restrooms, $2 fee boat launch, boat trailer parking and a trailhead for the Lake Monroe-Gemini Springs – Debary Hall trail. Enjoy the treasures of old Florida in this unique area just a short drive from downtown Orlando, and 40 minutes to the sandy ocean beaches at New Smyrna. Note that property taxes include the CDD fee.
You may be able to put down less than the total down payment amount of $145,326 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: #o6220904
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.