3280 TEAL ST, Titusville, FL 32796
Come see this beautiful 3 bed, 2 bath home in the Historic District of Titusville! This property boasts a generously sized lot with a fenced backyard, and without any deed restrictions, HOA, or CDD fees, it offers the liberty to live as you please! When you walk in, the open living room will welcome you inside. Which leads you to the eat-in kitchen that features solid wood cabinets, granite countertops along with all matching Whirlpool stainless steel appliances. The glass slider doors lead you to an oversized screened Florida room that pours in an abundance of natural light – what a great space to enjoy your morning coffee or unwind after a long day! Gazing into the yard, you'll notice the sparkling 2022 above-ground pool, complete with all the necessary equipment, perfect for hosting gatherings or simply cooling down from the Florida heat. A stone pathway leads from the pool to an enchanting pergola, adorned with solar rope lights that illuminate the route, setting the scene for engaging conversations. The owner's suite, located at the rear of the home, includes an en-suite full bath and two closets. Down the hall, you'll find the guest bedrooms and a guest bathroom. The residence features a two-car garage with a remotely operated garage door, which can also be controlled via an app on your smartphone. Additionally, this is where the washer and dryer hookups are situated. The home has had the AC, water heater, and roof replaced in 2018. It presents an excellent opportunity as a starter home or for generating rental income! The Kennedy Space Center, known for its rocket launches, is nearby, and Cocoa Beach, with its surfing, pier, and boardwalk, all a short drive away. Enjoy local farmers' markets, art festivals, and a historic downtown area with unique shops and dining options. With easy access to shopping centers, schools, and healthcare facilities, this home offers everything you need. Whether you seek relaxation or adventure, this home and its location have it all. Schedule a showing today and discover your dream home!
You may be able to put down less than the total down payment amount of $112,102 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: #o6236749
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.