916 Flyer St, Orange City, FL 32763
3 beds · 2 baths · 1,988 sqft sqft
**This property qualifies for a closing cost credit up to $2,800 through the Seller’s preferred lender.** Look no further than this move-in ready 2019 build located in the Compass Landing community of Orange City! This charming 3-bedroom, 2-bathroom home is sure to check off the boxes and more in your home search. Right off the front door you’ll find the formal living room with 2 large windows drawing in the natural light. As you head back into the home, you’re welcomed into the open concept space that houses the kitchen at the heart of the home. This space features dark cabinetry throughout, stainless steel appliances, and an oversized middle island with breakfast bar seating. Look back into your family room with sliding glass doors overlooking the luscious green space out back. Down the hall off the kitchen are the 2 guest bedrooms with a full bathroom and the primary bedroom is tucked up at the back of the home. This amazing space offers 2 walk-in closets and a relaxing ensuite with separate vanities, stand up shower, and soaking tub. Step out back to find the covered patio looking out on your backyard with the communal green space beyond that. Enjoy a central location that is just minutes away from shopping, dining, beaches, parks, and top-rated schools. Schedule your private showing today!
Source: STELLAR #o6247476
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247476
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: #o6247476
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.