798 COLTRA LN, Deltona, FL 32725
Welcome to this spacious 3-bedroom, 2-bathroom home, offering 2,110 square feet of inviting living space. Nestled in a sought-after area with NO HOA, this home combines classic appeal with thoughtful updates, making it a perfect choice for those seeking both comfort and value. Step inside to discover an open, airy layout with an abundance of natural light. You'll find newer appliances and updated cabinets in the kitchen. French doors in the dining room and sliding glass doors in the family room provides access to the refreshing SCREEN ENCLOSED POOL. The large master bedroom is complete with two walk-in closets and a convenient office nook—which has access to the pool area. The master bath enhances the experience with a soothing jetted tub, perfect for unwinding. Outside, the heated inground pool is a standout feature, enclosed with a screen for year-round enjoyment. The expansive backyard provides plenty of space for outdoor fun, gardening, or simply enjoying the fresh air. RECENT UPDATES add to the home’s appeal, including a NEW ROOF (2022), NEW SOLAR PANELS (2023), a NEW WATER SOFTENER (2022), and a new pool pump (2022). The NEW DRAIN FIELD (2022) and NEWER AC SYSTEM, along with DOUBLE-PANE WINDOWS, ensure comfort and efficiency. An oversized garage provides ample storage and convenience. With its blend of classic charm and modern updates, this home offers a wonderful opportunity to enjoy a comfortable lifestyle in a fantastic location. Close to shops, fine dining, BLUE SPRING STATE PARK, and only 30min from NEW SMYRNA BEACH. Don’t miss your chance to make this inviting property your new home!
You may be able to put down less than the total down payment amount of $48,566 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: #g5087206