842 Aldenham Ln, Ormond Beach, FL 32174
2 beds · 2 baths · 1,562 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully maintained two-bedroom, two-bath, two-car garage townhome with a dedicated office/den is at the end of a peaceful cul-de-sac in the desirable, gated community of Plantation Bay. As an end unit, the home enjoys extra privacy and is set against the backdrop of a serene nature preserve, with plenty of natural light pouring in throughout the home. Maintenance-free living is made easy, as the Prestwick Pointe sub association covers the roof, exterior paint, scheduled for repainting this year, and landscaping. Enter through the upgraded glass front door into a well-appointed floor plan. The tastefully updated interior features 6-inch crown molding and plantation shutters throughout. Power blinds on the sliding glass doors enhance convenience and privacy while allowing you to easily access the outdoor space. The kitchen is a chef’s dream, offering extensive granite countertops, stainless steel appliances, 42-inch cabinetry and a dedicated walk-in pantry. The spacious owner’s suite includes two walk-in closets outfitted with California Closet upgrades, a walk-in shower, and dual sinks for added luxury. Both bedrooms are fitted with plush carpet for comfort, while the rest of the home is designed for easy maintenance. The guest room is equipped with Murphy beds, allowing for a flexible space that can easily transition from a cozy bedroom to a functional office or bonus room. Step through the triple, collapsible sliders onto a fully screened, covered lanai where you can relax and enjoy views of the preserve. The home also includes full cabinetry in the laundry room and ceiling storage racks in the garage. The prestigious Plantation Bay community offers a wealth of activities and amenities, including optional memberships for 45 holes of golf, a fitness center and pool, nine Har-Tru tennis courts, 10 pickleball courts, two clubhouses and two restaurants. The new, $30 million Founders Clubhouse is a gem in the community, offering even more opportunities to enjoy a vibrant, social lifestyle. This townhome offers the best of both comfort and convenience, ideal for anyone seeking a relaxing, yet active lifestyle in a picturesque setting.
Source: STELLAR #O6285183
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6285183
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.