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2391 Okalani St, Melbourne, FL 32940
4 beds · 3 baths · 2,761 sqft
18K FLEX CASH at closing! Pay down your points or use toward your closing costs! Step into this light and airy 4-bedroom, 2.5-bath home with an open concept design that's perfect for relaxed Florida living! Sitting on a spacious 1/3 acre lot, there's room to roam both inside and out. You'll love the oversized living and family rooms—ideal for entertaining or just enjoying the natural flow of light throughout the space. The kitchen opens beautifully into the heart of the home, connecting everyone whether you're cooking or just hanging out. A 2-car garage gives you plenty of storage, and the location couldn't be better—just minutes from the beach, Patrick Space Force bases, Viera, US-1, and all your favorite restaurants and shops. It's everything you need, wrapped in coastal charm and everyday convenience! Hurricane shutters, hot water heater is less than 5 years old, newer AC condenser unit, roof is 11 years old
Source: BREVARDMLS #1043967
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 #1043967
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.
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