906 Lemon Rd, South Daytona, FL 32119
4 beds · 3 baths · 2,530 sqft sqft
Seller is offering $6,000 seller concessions to go towards closing costs and to replace carpet! This spacious 4-bedroom, 3-bathroom pool home has everything you've been searching for, with NO HOA fees. Situated on a large 0.34-acre lot surrounded by beautiful, mature trees. This home includes many upgrades such as a tankless hot water heater and Renewal by Andersen windows with a transferrable 20-year warranty! The kitchen boasts granite countertops, stainless steel appliances, and a gas range cooking top. If you enjoy entertaining, you'll love the bonus space that offers endless possibilities. Relax in the serene, screened-in lanai overlooking the heated solar pool. Enjoy yourself in your private backyard oasis while listening to the birds chirp and enjoying the sounds of nature. Additionally, the extra living space generated rental income of $1,600 per month for two years, covering part of the mortgage. Don't miss out on this incredible opportunity
Source: STELLAR #v4936338
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4936338
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.
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: #v4936338