425 Pasto Cir SW, Palm Bay, FL 32908
4 beds · 3 baths · 3,025 sqft
One or more photo(s) has been virtually staged. **Price Improvement - Seller Motivated!** Enjoy peace of mind with a BRAND NEW ROOF (3/2024), HVAC System complete with insulation and ductwork (2022) and Water Heater (2022). Other updates include Exterior Paint (5/2024), Garage Door Motor & Lift System (3/2024) and UPDATED KITCHEN. Discover this rare opportunity and unlock the potential of this remarkable property located in the sought after community of Sloneridge. This expansive property is situated on a generous .42 acre lot and boasts over 3,000 sqft of living space, making it one of the LARGEST homes in the neighborhood! As you enter the home, you are greeted by beautiful vinyl plank flooring and soaring VAULTED CEILINGS, creating a grand and inviting entrance. You will find that the living room, although spacious, provides a cozy atmosphere and the FIREPLACE sets the tone for warmth and comfort. The chef’s kitchen is ready for you to elevate your culinary adventures and features stainless steel Samsung appliances and a LARGE ISLAND, perfect for meal prepping. Ample cabinets and a walk-in pantry provides you with an abundance of storage. The breakfast bar is positioned to provide a casual dining option, great for quick meals or socializing while cooking. The dining area flows effortlessly from the kitchen, making it ideal for entertaining guests or enjoying family dinners. For the ultimate hosting experience, you will find an INDOOR BAR ready for mixing drinks, making it an integral part of your home’s social scene. When it’s time to wind down, the bedrooms provide a peaceful haven away from the main living areas. The master suite offers maximum comfort and features a large ensuite bathroom with garden tub, separate shower and two walk-in closets. Step outside to a sprawling backyard that offers unlimited outdoor fun. The yard is FULLY FENCED, providing privacy and a safe space for pets to play. A large patio area perfect for barbecues, lounging with friends and family or simply enjoying a quiet evening relaxing in your HOT TUB. This home is not just a place to live but a place to thrive, with endless possibilities to make it uniquely yours. Schedule your showing today!
Source: STELLAR #t3529050
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3529050
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: #t3529050
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.