962 Compass Landing Dr, Orange City, FL 32763
4 beds · 3 baths · 2,379 sqft
BACK ON THE MARKET...FINANCING FELL THROUGH...Spectacular and spacious 4 bedroom, 3 full bath home on a beautifully manicured and oversized, vinyl fenced lot overlooking a large scenic greenbelt area. The first thing you'll notice when entering the house is the open floor plan and stunning views of the spacious lanai and custom pool. Inside there is a large eat-in kitchen with a huge island that seats 8, quartz countertops, and upgraded stainless steel appliances. The primary suite has a spacious bathroom with a huge glass & tiled shower, 2 sinks, and a good-sized and air conditioned walk-in closet. Along with two other guest bedrooms and a guest bathroom...there is also a separate & private 4th bedroom with its own bathroom, which is perfect for guests or extended family. There is also a separate living room that could be used as an office or movie/ playroom. All the floors in the main living areas are wood grained ceramic tile, and the house still shows and feels like it's brand new! Off the rear of the house, there is a big covered porch overlooking the stunning custom pool with LED lighting, a large swim out, and great views of the greenbelt area. All this is located in a high & dry convenient location, and is close to the Elementary, Middle, and High School. Historic Orange City is located only minutes to Interstate-4, the Orlando Metro Area, and the beaches. The owner has taken meticulous care of the home both inside and out, and has priced it to sale. Call your agent today to schedule an appointment!
Source: STELLAR #V4940326
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #V4940326
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 of Equal Opportunity Act.