709 Lone Oak Dr, Port Orange, FL 32127
3 beds · 2 baths · 1,796 sqft
Pool Home in Port Orange! Welcome to this beautiful 3 bedroom, 2 bathroom pool home nestled in the peaceful Lone Oaks community. New roof with acceptable offer. The split floor plan and open concept layout offers a spacious and inviting design, perfect for comfortable living and entertaining, with solid surface flooring throughout for ease of care. The large living room features vaulted ceilings and skylights that bathe the room in natural sunlight. The cozy wood burning fireplace provides an inviting space for relaxation and gatherings. The open floor plan seamlessly connects the living room to the kitchen, where you'll find crisp white cabinetry, granite countertops and a full stainless steel appliance package. Generous primary bedroom offering a walk-in closet and full ensuite with double sink vanity, relaxing garden tub and walk-in shower... Continued. Two additional bedrooms both with walk-in closets offer ample space for family, guests or a home office. Step outside to the spacious patio overlooking the sparkling screened pool, inviting you to cool off and relax during hot summer days and the hot tub is the perfect place to unwind after a long day of work or play. The fully fenced backyard ensures privacy and security, making it ideal for pets or play. Situated in the heart of Port Orange, this home is just minutes from the Intracoastal, pristine beaches, and a vibrant array of dining, shopping and entertainment options. Enjoy the best of Florida living with everything you need right at your doorstep. Don't miss your opportunity to own this exceptional pool home. All information recorded in the MLS is intended to be accurate but cannot be guaranteed.
Source: STELLAR #V4940543
Financials
Source: Public records
Source: STELLAR #V4940543
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.