855 Kecherburg Rd SW, Palm Bay, FL 32908
4 beds · 2 baths · sqft
This beautiful 4-bedroom, 2-bath home in the heart of Palm Bay, Florida, offers a perfect blend of modern comfort and timeless style. Built in 2022 and spanning 1,877 square feet, this like-new property is designed with an open floor plan that floods the space with natural light, creating a warm and inviting atmosphere. The heart of the home is the gourmet kitchen, featuring pristine 42-inch white upper cabinets, sleek stainless steel appliances, and a chic glass subway tile backsplash. The spacious walk-in pantry and reverse osmosis system make it a chef's paradise. This well-maintained property operates on well water with a salt system and a septic tank, ensuring efficient and eco-friendly living. The primary bedroom is a luxurious retreat, offering ample space to relax. The en-suite bathroom boasts double sinks with granite countertops, a floor-to-ceiling tile shower, and a generous walk-in closet. The second bathroom mirrors this elegance, featuring a granite countertop, single sink, and a beautifully tiled shower/tub combo with a stylish listello accent. Additional features include plush carpeting in all bedrooms, a fully equipped laundry room with washer and dryer, and a Ring doorbell for added security. Enjoy Florida living on the upgraded screened-in front porch or in the expansive backyard with a covered patio and privacy fence. The property is protected by hurricane shutters for peace of mind. Best of all, there's no HOA! Don't miss the opportunity to own this impeccable home in Palm Bay, where modern amenities meet relaxed, coastal living.
Source: BREVARDMLS #1023893
Source: BREVARDMLS #1023893
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: #1023893
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.