992 JETWAY ST, Orange City, FL 32763
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!
You may be able to put down less than the total down payment amount of $153,067 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6239027