15901 Miami Dr, North Miami Beach, FL 33162
3 beds · 2 baths · 2,006 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome Home to your single-family corner-lot paradise offers the perfect blend of comfort and style. Featuring 3 bedrooms and 2 bathrooms and a cozy living space, this home has it all. Step inside and be greeted with natural light. The heart of the home is the kitchen, complete with a waterfall island stove top, quartz countertops, new shaker cabinets, all new appliances. The newly installed flooring add a touch of elegance to this space. Indulge in relaxation in the newly updated bathrooms, featuring modern fixtures and recessed lighting throughout the home. This Spacious oasis comes complete with a huge yard ready for entertaining family and friends. Conveniently located near major highways, and the Beaches.
Source: MIAMIRE #a11634237
Source: MIAMIRE #a11634237
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.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.