2607 Spur Dr, Melbourne, FL 32940
3 beds · 2 baths · 1,656 sqft
Get a free consultation call with an expert in the mortgage assumption process.
RARE OPPORTUNITY for a Loren Cove HALF-DUPLEX located on a premium, end-of-the-street lot, with an expansive and private greenspace as the backyard. Why wait to build? This light and airy 3 bedroom, 2 bath open floorplan is beautifully outfitted with over $38,000 in builder upgrades and has been meticulously maintained in like-new condition! The huge kitchen is a Chef's delight with its premium light-colored ''shaker'' cabinetry, stunning designer granite and backsplash tile, stainless appliances including gas cooking, pull-out drawers, under cabinet lighting, and HUGE ''Costco'' pantry. Enjoy plenty of room to spread out in the spacious great room and dining area with stunning rich wood floors in all main living areas. The great room overlooks the extended & screened lanai that is pre-plumbed for an outdoor grill and offers a private space to enjoy stunning sunrises/sunsets and outdoor fun in the expansive & private backyard. The Owner's retreat is a welcome oasis with luxurious en-suite bath featuring dual sinks, large walk-in shower with "rain" showerhead, and oversized closet. The split floorplan has two additional spacious bedrooms, each with large closet, adjacent to a second full bathroom. All three bedrooms have easy-care LVP flooring so NO CARPET in the home! You'll appreciate the many other prized upgrades including 8' interior doors, designer window treatments and ceiling fans already installed, on-trend wall mouldings in the second bedroom, a huge laundry room with storage and pre-plumbed for a wash sink, and a large 2-car garage and extended driveway for ample parking. Relax while the HOA maintains your lawn, sprinkler and landscaping; exterior paint, pest, and roof so you can take advantage of the numerous community amenities - - Addison Club with 2 resort pools, sport courts for pickleball, tennis, basketball, volleyball, and bocci ball; plus regular community social events. This exciting Viera community also offers extensive paths and sidewalks for walking, biking and golf carts, tot lots, sand volleyball, outdoor hockey rink, sport courts, and of course, top-rated schools. The exceptional location is a quick walk to the new Publix and restaurants; quick drive to The Avenue for shopping, dining, and entertainment options including the new (proposed) TopGolf; and an easy commute to the area's major employers, the beach, and Orlando attractions. Truly Exceptional!
Source: BREVARDMLS #1032238
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BREVARDMLS #1032238
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.