5960 CLEARFIELD AVE, Cocoa, FL 32927
Experience the epitome of comfort and convenience in this meticulously maintained 4 bedroom 3 bath, one owner gem, nestled in a very quiet neighborhood. Combined with timeless elegance while offering the ease of maintenance free living. Step inside to be greeted by the grandeur high 9 foot ceilings enhancing the open concept of living to include the inviting living room, dining area, and kitchen, every corner of this home radiates an ary ambiance perfect for both relaxation and entertaining. Throughout the home, discover the enduring beauty of tile flooring throughout this beautiful home. The thoughtful split floor plan has a magnificent master suite on one side of the home and includes his and hers vanities and closets with shiplap added to the bedroom wall. The secondary spare bedrooms on the opposite of the home include a full bathroom shared by two spare bedrooms and one full bath that is part of the 4th bedroom. Each bathroom exhibits granite countertops and tiled showers up to the top of the walls. The heart of the home lies in a gourmet kitchen island including shiplap adorning the kitchen island and where culinary dreams come to life amidst 36 inch soft closing cabinets, stainless steel appliances, and an island with added drop lighting set up with a touchless kitchen faucet. Some other features of the home include Screened in porch, Tinted windows throughout the home, Smart thermostat, Smart House incorporating z wave technology, Alarm System and cameras, with a ring doorbell. The outside of the home includes Fences in both the front and back yards, extra driveway that is done, painted walkway and back porch area, shed in the backyard, hurricane shutters, and a complete irrigation system for the outside lawn. Finally you have a wonderful 3 car garage with epoxy flooring to house all of your vehicles and toys. Don't let this magnificent home pass you by as it is sure to go quickly!!
You may be able to put down less than the total down payment amount of $208,950 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: #o6240817
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.