408 Riverview Ln, Melbourne Beach, FL 32951
4 beds · 2 baths · 2,144 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in the vibrant community of Harbor East, this stunning, waterfront home is a true gem! Newly constructed seawall, dock and 13,000 pound boat lift that is ready for your boat! The heart of the home is the renovated custom kitchen, boasting updted cabinetry, solid surface tops and S/S appliances. Beautiful Italian tile flooring and retextured ceilings. Elegant primary bath remodeled. Impact sliders open up to resurfaced pool surrounded by travertine tiles and large covered lanai creating an inviting outside oasis. Impact windows & doors. Solid built, concrete block home is equipped with metal roof and electric panel. Custom closets. Plantation shutters. The theater room is a sanctuary designed for the ultimate cinematic experience with plush oversized seating Redesigned garage has epoxy flooring. Spacious air conditioned shed offers ample storage. Expansive paver driveway. Super location very close to Ocean Ave. & beach access just minutes away. - Newly constructed seawall, dock and 13,000 lb boat lift - New metal roof - New air conditioning - Brand new custom kitchen & cabinetry - New solid surface counter tops and stainless steel appliances - Remodeled primary bath - Newly resurfaced pool - Impact windows & doors - Travertine tiles surrounding pool - Large covered lanai - Updated hot water heater and updated electrical panels - Redesigned garage with epoxy flooring - Theatre room with plush oversized seating - Custom closets and Plantation shutters - Italian tile flooring and retextured ceilings - Outdoor shed 6' x 20'
Source: BREVARDMLS #1026610
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BREVARDMLS #1026610
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.