70 Brandy Ln, Merritt Island, FL 32952
4 beds · 2 baths · sqft sqft
Looking for a completely upgraded custom home in the heart of Merritt Island? Look no further! This large pool home shows like a model and is full of updates inside and out. The inside features over 2300 sqft, 4 bedrooms, 2 bathrooms, oversized living room, large laundry room, vinyl plank floors throughout, new gas water heater, new LED lighting, wood burning fireplace, new interior paint throughout, custom kitchen, and bathrooms. The kitchen features white cabinets, granite countertops, black handles, all new upgraded LG stainless steel appliances, and a large bar top with room for bar stools. The bathrooms feature white shaker cabinets, quartz countertops, and custom white subway tile showers. Outside features 2024 roof, 2024 plumbing with PVC sewer lines and PEX water lines, new exterior paint, sprinkler system, water softener, and electric hurricane shutters. The backyard features your own private oasis with a screened in pool that was just completely resurfaced and upgraded color changing tile. Backyard also features large freshly painted deck area and fenced in yard with grassy area and pavers. One of the coolest features of this house is the detached building that has been completely updated with new drywall, paint, floors, storage attic space, and air conditioner. This flex space is approximately 15'x15' and would make the perfect yoga studio, office, workout room, game room, man cave or she shed. Plenty of parking with extended driveway on side of house that provides space to park your boat, RV, or cars with no HOA restrictions. Highly desired located in south Merritt Island close to shopping and restaurants.
Source: BREVARDMLS #1026474
Interest rate and monthly payment estimated based on public records.
Source: BREVARDMLS #1026474
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: #1026474
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.