741 Mystic Oaks Ln, Deland, FL 32724
3 beds · 2 baths · 1,332 sqft
Honey Stop the CAR! Welcome to your new retreat equipped with a Generx FULL HOUSE GENERATOR that was just installed in 2023! This delightful 3 bedroom, 2 bathroom home in the Wild Acres Community offers an ideal blend of comfort and style in a tranquil setting. Step inside to discover a spacious interior featuring a large kitchen adorned with stainless steel appliances, perfect for culinary enthusiasts and entertaining alike. The open floor plan seamlessly integrates the kitchen with the dining and living areas, creating a warm and inviting atmosphere for gatherings with family and friends. Escape to the expansive screened-in lanai, where you can relax amidst the serene surroundings and enjoy the soothing sounds of nature. This outdoor sanctuary is ideal for al fresco dining or simply unwinding after a long day. The bedrooms are generously proportioned, offering ample space for rest and relaxation. The master suite features its own ensuite bathroom, complete with modern fixtures and finishes. Safety and security are paramount with a built-in security system, providing peace of mind for you and your loved ones. Lots of extras, including granite counter tops, luxury vinyl and tile flooring, gas stove for amazing cooking options, irrigation system, full home generator, double pane windows, inside laundry and the washer/dryer stay with this lovely home! Conveniently located in a sought-after neighborhood, this home offers easy access to schools, parks, shopping, and dining options. Don't miss out on this exceptional opportunity – schedule your private tour today and envision yourself living the serene lifestyle this home offers! All information is deemed to be accurate but not guaranteed.
Source: STELLAR #ns1082134
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1082134
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: #ns1082134
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.