8721 Lantana Ct, Cape Canaveral, FL 32920
2 beds · 3 baths · 1,244 sqft
CHECK OUT THIS GREAT OPPORTUNITY to live steps from the beach in this 2/2.5 Townhouse located in the Ocean Woods Community, in Cape Canaveral FL. With SUPER LOW HOAs, the community has a PRIVATE and Gorgeous walking path to the BEACH! Ready for your Magic Touch, this Piece of Heaven has a 1-Car Garage, with plenty of storage, laundry upstairs, large fenced-in backyard, and more... The owner has already completed a lot of those important updates -- NEW Upper ROOF 2024, Lower ROOF 2022, New AIR CONDITION 2024, New STOVE, DISHWASHER 2023, and Storm-Rated Garage door replaced in 2016. The GATED community, MAINTENANCE-FREE Living, PRIVATE BEACH ACCESS, tennis courts, a refreshing pool, shuffleboard, basketball, and racquet ball are just a few of the many features this BEACH RETREAT has to has to offer!!! This wonderful location is minutes away from all CRUISE LINES, Kennedy Space Center, Orlando, Daytona, I-95, Port Canaveral and Cape Canaveral Space Force Station. This home is perfect if you are looking for a second home, an investment opportunity, or a place to retire.
Source: BREVARDMLS #1032081
Financials
Source: BREVARDMLS #1032081
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.