6553 Cedar Ave, Cocoa, FL 32927
3 beds · 2 baths · 1,766 sqft
Welcome home to this stunning 3-bedroom, 2-bath, POOL home located on a corner lot in the Port St. John community of Cocoa, Florida! This house offers 1,766 square feet of thoughtfully redesigned living space with a split floor plan that is sure to impress. Be prepared to be wow'd by the recently remodeled kitchen which includes high-end stainless steel appliances, abundant cabinetry, and ample prep space on the large island ideal for cooking and hosting. Other upgrades include new vinyl luxury plank flooring, fresh interior paint throughout, an updated guest bathroom, and a dedicated office/flex space. Inside you can enjoy cozy nights in front of the wood burning fireplace in the living room. The primary room is generous in size and the ensuite bathroom offers dual vanities and a large walk-in shower. Each room has large and sizable closets perfect for storage. This home is the epitome of living the Florida lifestyle with a newly fenced spacious backyard perfect for outdoor activities, gardening, or simply soaking up the sun while lounging in the beautiful resurfaced pool. Situated in a peaceful and highly desired neighborhood, this home offers easy access to shopping, dining, hospitals, schools, and, of course, our beautiful beaches. With no HOA, this is a fantastic opportunity to own a house worthy of calling your new home! Last but not least, this home has an assumable VA loan with a 5.625% interest rate! Call now for more details or to schedule your private showing!
Source: BREVARDMLS #1031827
Interest rate and monthly payment estimated based on public records.
Source: BREVARDMLS #1031827
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: #1031827
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.