3217 ARDEN CIR, Melbourne, FL 32934
2.75 % VA Loan Assumable by VA BUYERS! Nestled in a peaceful neighborhood and surrounded by top-rated schools, shops, restaurants, and short distance to parks, golf course, beaches and Patrick Air-Force. This pristine townhome, has a lot of upgrades and the space of a single family home with maintenance free as HOA covers all exterior maintenance, lawn care, painting, stucco, pressure-washing, ROOF Replacement, Internet &Cable! Concrete block construction for durability and safety. Roof 2023, Water Heater 2021,Dual high efficiency top of the line A/C 2022. First floor features an open floor plan, formal living & dining rms, high ceilings with fans, all-tiled first floor, spacious kitchen, wood cabinets, granite countertops, sleek appliances, pantry, separate family rm w/breakfast nook, laundry room w/washer&dryer. Upper level has a split bedroom floor plan, spotless carpeting, the primary suite, 2 large guest bedrooms, plus a flex room ideal for office or 4th bedroom. The primary bath has double sink vanity, garden tub plus a spacious walk-in shower. The sliders leads to the screened porch and to the beautiful fenced backyard. Stylish windows custom treatment. 2 car garage with extra storage space and long drive way. Custom sized hurricane shutters included. Conveniently located near schools, shopping, PAFB, beaches, close to I-95 and US1 gives you quick access to major highways and 45 minutes to the Orlando Airport and 1 hr to Disney Parks. The perfect place to call "Home".
You may be able to put down less than the total down payment amount of $140,460 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: #1010939