602 Shorewood Dr # A206, Cape Canaveral, FL 32920
3 beds · 2 baths · sqft sqft
Motivated seller reduced price. Embrace Florida living at its finest in this stunning upgraded 2104 sq.ft. condo located in the prime oceanfront community. This corner unit offers breathtaking unobstructed views of a lake, mesmerizing sights of cruise ships drifting by and rockets launching into the sky from your 2 oversized wrap-around balconies! Step inside to immersive living spaces complemented by a modern, updated kitchen laden with solid wood maple cabinets that maximizes the space with tons of storage to inspire your inner chef. Both bathrooms have undergone tasteful renovations enhancing the condo's appeal. Enjoy the luxury premium vinyl just installed in the primary and front bedroom for you to enjoy. 4 Stage Aquatic Life Reserve Osmosis/Deionized system in the laundry closet produces up to 50 gallons of filtered water a day. Store 2 vehicles and more within the secure confines of a spacious vented private underground garage that has overhead storage to maximize the spac Engage with an active lifestyle right in your backyard with gated beach access, a large heated community pool, spa, tennis courts, shuffleboard, gym facility with sauna, and a lively community clubhouse with a full kitchen and bathrooms. Participate in the bustling life and various weekly activities like game night offered for its residents. Bike friendly location allows you easy access to Port Canaveral and the Cocoa Beach pier. Minimum 30-day rental is rare and will allow you to share your piece of paradise with others if you choose when you are off exploring the world. Bring along your furry friends, as the community welcomes 2 pets under 35lbs. Community car wash is convenient to rinse off the salt before parking your car in your private garage. Location is key, a stroll away from Cape Canaveral's restaurants at the port, Jetty Park, the legendary Kennedy Space Center, and the exquisite Cocoa Beach. If travel is on the horizon, rest easy with Orlando International Airport less than a 45-minute drive away or step out you door and jump on a cruise for the weekend. Easy access to SR528 and I95 gets you where you need to go in no time at all. More pictures to come!
Source: BREVARDMLS #1014722
Interest rate and monthly payment estimated based on public records.
Source: BREVARDMLS #1014722
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: #1014722
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