126 W Alachua Ln, Cocoa Beach, FL 32931
4 beds · 3 baths · 2,332 sqft
Welcome to this beautiful 4-bedroom, 3-bathroom home in the heart of Cocoa Beach, where modern luxury meets coastal charm. Meticulously updated with over $100K in renovations, this property offers a perfect blend of comfort and style, ideal for multi-generational living or those seeking additional income potential. Spacious Living: With four generously sized bedrooms and three full bathrooms, this home is designed for both privacy and togetherness. The open-concept living areas are bright and airy, perfect for gatherings or quiet relaxation. Three Separate Units: A standout feature of this home is its multi-generational layout with three distinct living spaces, providing versatility for families, guests, or rental opportunities. Whether you’re looking for separate quarters for extended family, a private guest suite, or an income-generating rental, this property has it all. Over $100K in Renovations: Enjoy the benefits of recent upgrades, including new pavers, fresh landscaping, and a complete interior refresh. The attention to detail is evident in every corner, with high-quality finishes that add to the home's value and appeal. Prime Location: This home is ideally situated, close to the iconic Cocoa Beach Pier and pristine beaches, making it the perfect spot to enjoy the Florida lifestyle. Enjoy the convenience of nearby restaurants, cafes, and shops, with Ron Jon Surf Shop just around the corner. Proximity to Major Attractions: Just a short drive away from the world-renowned Kennedy Space Center, Cape Canaveral, and Patrick Space Force Base, you’ll have easy access to some of Florida’s most exciting attractions. Whether you’re watching a rocket launch, exploring the rich history of space exploration, or enjoying local nature trails, everything is at your doorstep. Outdoor Oasis: The home boasts a stunning outdoor space with new landscaping and pavers, providing the perfect environment for entertaining or relaxing under the Florida sun. The spacious yard offers plenty of room for outdoor activities or future expansions. This property is not just a home; it’s a lifestyle. Perfect for families seeking proximity to the beach, those looking to capitalize on Cocoa Beach’s rental market, or anyone wanting to enjoy the space and flexibility of a multi-unit home in one of Florida’s most desirable coastal locations. Owner financing & creative financing available. Don’t miss the opportunity to own a piece of Cocoa Beach paradise—schedule your private showing today!
Source: STELLAR #o6254618
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6254618
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: #o6254618
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.