2936 Travelers Palm Dr, Edgewater, FL 32141
4 beds · 3 baths · 2,114 sqft
This home is HIGH AND DRY. No water intrusion from past hurricanes. Spacious pool home, this 4 bedroom 3 bathroom home with office has room for everyone. Vinyl fence creates privacy for your outdoor pool oasis. ROOF AND SOLAR PANELS for electricity new in 2020. WINDOWS have been updated 2023 and INSULATION in attic and crawl space. Ground floor bedroom with open laundry area and closet space, updated bathroom with walkin tile shower. Laundry exits to the garage and then pool area. Ground floor office features French door entry, could be used as perfect guest space with private entrance. Main entrance enters on the 2nd floor at the nook/dining area open to the kitchen. Plenty of pantry storage plus add'l storage room with washer/dryer hookup if you'd like laundry upstairs. Kitchen features white cabinetry, stainless appliances, tile flooring and breakfast bar on both ends. Living room off the kitchen with door to the back open porch and pool. 3 add'l bedrooms and 2 full bathrooms on the 3rd floor. The largest bedroom features ensuite bathroom. Oversized 1 car garage enters from the side of the home and offers many options of use and access to the crawl space. Reclaim water for irrigation. WATER HEATER 2023, Solar Panels with 50 year transferable warranty with 200+ mph wind rating (will be paid in full at closing), WATER SYSTEM for whole house.
Source: STELLAR #ns1081576
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #ns1081576
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: #ns1081576
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.