One of the most special homes in Viera has come to market for the first time ever. This home was custom built by one of Brevard's premier builders, and each phase of construction was meticulously monitored by the owner. The front of the home boast stacked stone accents, crown molding, corbels, and a raised covered entry framing the stunning Abbey Doors. Enter to a grand foyer defined by a tray ceiling w/crown molding & 2 decorative chandeliers. The view from the foyer is across the great room to the pool and lake beyond. The semi formal dining rm w/tray ceil. and double crown molding is illuminated by 2 recessed lights plus a beautiful chandelier. As you transition from the dining rm to the kitchen area you'll pass the built-in wine rack. The kitchen is the heart of the home, and this home has a lot of heart! Loads of beautiful cabinetry, some w/glass inserts and illuminated, extra deep drawers, a 5 burner gas cooktop with a stacked stone wall. Please click more. The 10ft x 5ft island houses the sink, dishwasher and microwave drawer. Illumination is provided by 8 recessed lights plus 3 Large seeded glass pendant lights. The view from the island is across the great rm to the pool, with Fire Bowls, and lake beyond! Of course there's a spacious eat-in area with a frameless glass bay window affording unobstructed views. There's a huge game room (19x17) w/a full wet bar featuring cabinetry, a sink, granite counter, and a beverage fridge. Three large windows in this room all look to the lake! The Primary Suite - Enter through double doors to your retreat. Right of entry you'll pass his and hers closets leading to the spacious (18x15) bedroom w/tray ceiling w/crown molding. 3 large windows look out to the pool and lake, and a French door provides access to the porch. Your private spa awaits with a travertine floor laid on a diagonal in a checkerboard pattern, a large vanity w/his and hers sinks featuring very custom framed mirrors. The focal point is the large beautiful freestanding vessel tub; stretch out and melt your stress away, don't forget the bubbles! Of course there's a separate shower with 3 shower heads, including a rain shower. The porch/pool area is one of the most dramatic you'll ever see. You'll be amazed by the two large Fire Bowls! The pool is heated for year round swimming by a new heat pump. There are two large covered porch sitting areas. One is 13x18 and this area is plumbed for a summer kitchen complete with water, electric, gas, and even a vented hood so you can easily design your own custom summer kitchen. The other large sitting area is 20x11 and the perfect place to relax as you look across the pool and Fire Bowls to the lake. You really must see this special property. Words cannot convey just how special and meticulously kept this property is; it really looks like a new home! Model homes wish they looked this nice!
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.
