4070 Fox Lake Rd, Titusville, FL 32796
5 beds · 3 baths · 2,422 sqft sqft
Welcome to Osprey Point. Located in the serene outskirts of Titusville, this pristine two-story farmhouse offers the perfect blend of country charm and modern convenience. Set on 1.36 acres, the property boasts a large screened-in front porch, ideal for enjoying morning coffee or evening sunsets. The spacious family room, complete with a cozy brick fireplace, provides a warm and welcoming space for family gatherings. Recent updates include new carpeting in the bedrooms, stylish new French doors, and elegant granite countertops in the kitchen. A durable metal roof was installed in 2020, and the downstairs A/C unit was replaced in 2023. Energy-efficient LED light fixtures have been added throughout the home. The property features an oversized two-car garage with new hurricane-rated doors, as well as a detached two-car garage, perfect for storing vehicles or outdoor equipment. A newly built large deck at the back of the house offers a fantastic space for entertaining Residents will appreciate the tranquility of the expansive acreage and the privacy it affords, while still being just minutes away from city amenities, Orlando attractions, and the Kennedy Space Center. Nature lovers will delight in being half a mile from Fox Lake Park, which offers boating access, park facilities, playgrounds, kayak launching, and nature and horseback trails.
Source: STELLAR #v4938733
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4938733
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: #v4938733
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.