Just two blocks from Main Street, this beautifully renovated 3-bedroom, 2.5-bath home offers a rare opportunity to enjoy turnkey living in one of Brevard's most desirable in-town locations. Walk or bike to downtown restaurants and shops, the Brevard Bike Path, Lumber Arts District, Brevard Music Center, and Bracken Mountain Preserve while enjoying the privacy of a quiet residential street. With more than 2,600 square feet of thoughtfully designed living space, this move-in-ready home blends historic character with modern comfort. Originally built through a Brevard High School architectural program, the home carries a unique piece of local history while benefiting from extensive renovations completed by the current owners. The spacious floor plan is designed for both everyday living and entertaining. A large kitchen serves as the heart of the home, offering ample room for gathering with family and friends. The main-level office provides an ideal work-from-home space, while the four-season sunroom adds valuable year-round living space filled with natural light. Reclaimed wood accents and a wood-burning fireplace bring warmth, character, and charm throughout. Outside, the property has been transformed into a private and inviting retreat. Enjoy a covered rocking-chair front porch, multiple outdoor living spaces, a fenced backyard, raised garden beds, and professionally improved landscaping featuring hydrangeas, roses, mature plantings, and newly installed sod. Additional features include abundant storage, encapsulated crawl space, an outbuilding, a one-car garage, and rare off-street parking for up to six vehicles. Homes offering this combination of extensive updates, outdoor living, walkability, parking, and proximity to Brevard's outdoor recreation, arts, dining, and entertainment opportunities rarely come to market. Move in, unpack, and enjoy the very best of Brevard living.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
