310 MAIN ST, Sebastian, FL 32958
Such a beautiful home, a happy place. This home has been exquisitely maintained by the current owners. Extras abound in this nice property: superb pool, solar panel owned which come with the home, a quiet backyard near a canal, and close proximity to the golf course. A home that brings happiness. One cannot fail to notice this beautiful property while strolling or driving down Main Street. This lovely residence, which presents itself with very tastefully done exterior decorating and a really well-chosen color scheme, exudes a sense of tranquility. One may picture herself or himself lounging on the back porch, taking a morning coffee, or spending an enjoyable afternoon with family or friends. This house seems to often invoke the concept of ''more,'' suggesting that there is more to discover than meets the eye. Living in the present moment on this property enables you to fully appreciate everything that it has to offer. Living in the present moment on this property enables you to fully appreciate everything that it has to offer. The back porch is warm and inviting, with a large swimming pool. The interior of the house operates in a highly effective, well-coordinated manner. Having windows that look out onto the street and excellent lighting makes for a happy working day. The kitchen is well organized and well equipped. The triangle formed by the stove, refrigerator, and sink in the kitchen is crucial and essential, according to home builders and designers. What a fantastic job they did here! Additionally, the breakfast bar turns into a welcoming spot to sip drinks or eat while someone is cooking. An open concept for the entire kitchen, dining area, and living area offers so much to enjoy alone or with company. This house's main space features a great, neutral, high-quality, versatile floor tile. The bedrooms are spacious (please note their generous dimensions). The current owner has proudly and wonderfully maintained this house. What a fantastic home in one of the thriving areas of Florida, Indian River County! Yes, a happy place you can proudly call "my home."
You may be able to put down less than the total down payment amount of $243,766 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1015462