112 Alamere Dr SW, Palm Bay, FL 32908
5 beds · 3 baths · 2,674 sqft
If you are looking for a Model Home with a Pristine Pool and Spa put this at the top of your list. Great Location in The Falls, a gated community on Malabar road. Many Upgrades to include a large kitchen island with quartz countertops and a built in wine refrigerator. The kitchen overlooks the spacious Family room and has slider to the pool area. Enjoy grilling on the patio at your summer kitchen sipping on your favorite beverage from the built in kegerator. Guests will appreciate privacy in the downstairs guest room with full bath. Head upstairs to a second living room or gaming area along with 4 additional bedrooms and 2 baths. The Master suite is oversized and features a shower with glass enclosure, double vanity and His & Hers closets. The laundry room is smartly located upstairs. There is a formal office on the bottom floor with a cool accent wall and French doors. That's right, 5 bedrooms plus an office! The home and yard are both immaculate. Assumable VA loan if qualified.
Source: BREVARDMLS #1042712
Source: BREVARDMLS #1042712
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 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.