805 SEVEN GABLES CIR SE, Palm Bay, FL 32909
**STOP THE CAR** Discover a rare gem in the 32909 ZIP CODE-one of only two homes featuring an in-ground pool! This beautifully maintained property is ready for you to move right in, with countless upgrades and improvements already completed. From the freshly planted flowers, new mulch and updated landscaping to the septic system that was pumped in July 2024, every detail has been carefully attended to. The home boasts a brand new (2022) Screen enclosure for the pool, a new modern Air Conditioner, Hot Water Heater, Toilets, Kitchen sick faucet, Washer and Dryer and stylish door handles throughout. Major upgrades include a new roof in 2019, along with, stainless steel appliances and the entire home has been freshly painted inside and out. All the heavy lifting has been done- just bring your personal touch to make this house your home. As you enter through the double front doors(that both open to make moving big items in and out super easy) you'll be greeted by a view of your private pool, accessible through three convenient sliding doors from the kitchen, primary bedroom, and living room. Whether you prefer lounging in the shade or soaking up the sun, the spacious covered patio and pool area offer the perfect setting for a relaxation and entertainment. Don't miss out on this incredible opportunity-schedule your showing today!!!
You may be able to put down less than the total down payment amount of $80,305 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: #om684416