2616 India Palm Dr, Edgewater, FL 32141
3 beds · 2 baths · 1,378 sqft
Welcome to your beautifully updated 3-bedroom, 2-bath home, nestled in the heart of Edgewater. Freshly painted, this property exudes charm and modern appeal. With a brand-new roof, energy-efficient tankless water heater, and a new AC system, this home is move-in ready and designed for your comfort. Two versatile flex rooms provide endless possibilities, whether you need another bedroom, home office, or playroom-options are here! This home is built to withstand the elements, having never flooded during any hurricane. With a newly completed, clean 4-point inspection and wind mitigation, you can rest easy knowing the property is structurally sound and protected. Step outside to your private oasis, complete with an above-ground pool and a spacious backyard perfect for entertaining, gardening, or relaxing under the Florida sun. This gated property offers security and peace of mind, all without the restrictions of an HOA. With plenty of space to park your RV, boat, or other recreational vehicles, and a 50-amp hookup included, this home is perfect for those who value freedom and adventure. Located in the charming community of Edgewater, you’ll enjoy the best of both worlds—peaceful, country-style living with easy access to schools, shopping, dining, and the riverfront. Whether you’re unwinding by the pool or setting off for your next adventure, this home has everything you need to embrace the lifestyle you’ve always wanted. Schedule your showing today and make this incredible property your own!
Source: STELLAR #v4939958
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #v4939958
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.