2607 Spur Dr, Melbourne, FL 32940
3 beds · 2 baths · sqft
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
Interest rate and monthly payment estimated based on public records.
Source: BREVARDMLS #1032238
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: #1032238
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