Sign in to see required down payment for the 5.25% rate
1491 Higbee St SE, Palm Bay, FL 32909
4 beds · 2 baths · 1,830 sqft
Attention Military Homebuyers: Don't miss this incredible opportunity to assume a VA loan at just 5.25%! This beautiful, well-maintained home with elegant arched hallways in Palm Bay offers the perfect blend of comfort and convenience, with all the benefits of a newer build and none of the headaches—every last new-home issue has already been professionally addressed. Nestled on a quiet street in a welcoming neighborhood, this home is ideal for families and pet owners, featuring a fully fenced backyard with plenty of space for kids to play, pets to roam, or even room to add a pool or garden. The covered lanai extends your living space outdoors, perfect for relaxing evenings or morning coffee while watching the family enjoy the yard. Inside, you'll love the thoughtful split floor plan, with a spacious master suite privately situated off the living room. The ensuite boasts a large shower, walk-in closet, and linen closet, plus enough room for a king-sized bed to ensure restful nights. Near the entry, 3 additional bedrooms share a full bath with a tub/shower combo, providing plenty of space for kids, guests, or a home office. The heart of the home is the kitchen, complete with stainless steel appliances, a generous center island for meal prep and extra seating, and a walk-in pantry to keep everything organized. Entertaining is effortless, with room for guests to spread out between the dining area and kitchen island. Practical touches like an indoor laundry room near the bedrooms make daily life just a little easier. This cozy, move-in-ready home enhanced with fruit trees won't stay on the market long. Schedule your private showing today and make it yours before it's gone! (VA loan assumption requires buyer eligibilitylet us help you get started!)
Source: BREVARDMLS #1046601
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BREVARDMLS #1046601
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.
No credit check. Takes 2 minutes.