1276 Short St, Rockledge, FL 32955
3 beds · 3 baths · sqft sqft
This home is completely RENOVATED! BRAND NEW ROOF, UPDATED PLUMBING, TANKLESS WATER HEATER and NEW ELECTRICAL PANEL. NO HOA! Step into a world of warmth and comfort as you enter this open concept living space with plenty of natural lighting. This beautiful move-in ready, family home features new kitchen with Island and quartz countertops, brand new stainless steel appliances, tile backsplash, with a featured shiplap wall and beautiful barn door, beautiful bathrooms, new flooring and includes brand new washer and dryer. This quiet neighborhood is close to everything with easy access to the highway and only minutes from the beaches and shopping at the avenues. Embrace the tranquility of this large backyard oasis with DECK for entertaining and LAKE VIEW. This home has a LARGE detached GARAGE {for extra storage, room for possible mother-in-law suite or other passive income potential} and OVERSIZED DRIVEWAY {Large enough to store an RV and boat} Your dream home awaits you!
Source: BREVARDMLS #1021688
Interest rate and monthly payment estimated based on public records.
Source: BREVARDMLS #1021688
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.
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: #1021688