764 Universe St NW, Palm Bay, FL 32907
3 beds · 2 baths · 1,313 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully updated POOL HOME. The screened-in entry adds a welcoming touch, and as you step inside, you'll immediately appreciate the freshly painted interior and the spacious feel created by the vaulted ceilings. New Luxury Vinyl Plank flooring flows throughout the main living areas, while the bedrooms feature plush new carpet and ceiling fans for added comfort. The open kitchen showcases sleek granite countertops, a granite breakfast bar, new stainless steel range and microwave, and newer cabinetry. A cozy eating area, pantry, and ample storage space complete this well-appointed kitchen. The living room is bathed in natural light, thanks to skylights, and features a charming fireplace for those cozy evenings. A separate dining area provides plenty of space for gatherings. The updated hall bath offers granite countertops, new lighting, and a beautifully tiled tub surround. The master suite is a peaceful retreat with a walk-in closet and a fully updated en-suite bath. Enjoy a spa-like experience in the tiled walk-in shower, complete with modern fixtures, lighting, and a newer vanity. Step outside to your private, fenced-in backyard, where you'll find a screened-in pool, perfect for relaxing or entertaining year-round. The walk-in laundry room offers additional convenience, the garage has also been freshly painted, and the roof and AC both were installed in 2022, this home is move-in ready. This charming home combines comfort and style in every detail - a must-see, book and appointment today.
Source: BREVARDMLS #1028896
All values shown are estimated costs / mo.
Source: Public records
Source: BREVARDMLS #1028896
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.