992 Jetway St, Orange City, FL 32763
3 beds · 2 baths · 1,988 sqft sqft
Why wait to build when you can move into a like new built home right here in Orange City! This 3 bedroom 2 bathroom house with a separate den with glass French doors has all the space your family needs to spread out. As you enter the home with its wood look tile floors it will lead you to an open design main room hosting an open kitchen with solid wood cabinets and granite counter tops and stainless appliances. The kitchen area has enough space to hold a full size dining table. With the den/study being separated from the other rooms to give privacy and perfect for those that work from home or a great flex room to be anything you want it to be. The room could also be a bedroom for the growing family. The fenced yard is perfect for your furry family members and a great way to create your own private oasis on your back paver deck. With a newer built home you get all the benefits of todays energy saving features like double pane windows and R30+ insulation. Home features 8’ doors and windows with rear sliding glass doors allowing lots of natural light creating a vibrant atmosphere. Compass Landing is conveniently located to restaurants and Floridas Blue Springs state park which is a true gem to the area.Be sure to check out the video walk through to see this home and all of its amazing features!
Source: STELLAR #o6239027
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6239027
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: #o6239027
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.