Welcome to 7776 Millbrook, a stunning home located in the heart of the planned community of Viera, Florida, where thoughtful design meets everyday comfort. This spacious property features 4 bedrooms plus a private office within the primary suite, 3 bathrooms, and a 3-car garage, all designed to offer luxury, flexibility, and functionality. Upon entry, you're greeted by an elegant, oversized foyer highlighted by wide tile planks with a natural wood finish. Throughout the home, enjoy custom high-end lighting, designer accent walls, and zebra shutters with 100% blackout capability. Storage is exceptional, with closets throughout and a dedicated glass wine wall adding both practicality and charm. The kitchen serves as the heart of the home, offering a large island, high-end Samsung appliances, stylish backsplash details, and sleek finishes, making it perfect for entertaining or everyday living. The adjacent living area is anchored by a The kitchen serves as the heart of the home, offering a large island, high-end Samsung appliances, stylish backsplash details, and sleek finishes, making it perfect for entertaining or everyday living. The adjacent living area is anchored by a backsplash details, and sleek finishes, making it perfect for entertaining or everyday living. The adjacent living area is anchored by a Samsung appliances, stylish backsplash details, and sleek finishes, making it perfect for entertaining or everyday living. The adjacent living area is anchored by a fireplace, adding warmth, character, and a welcoming ambiance. The primary suite is a spa-like retreat, complete with a luxury walk-in shower, his-and-her vanities, a spacious custom walk-in closet, and a private office, ideal for working from home or quiet relaxation. Additional features include smart-home technology, including a myQ garage opener, Blink doorbell, and smart thermostat. Situated on a rare oversized lot, the outdoor space is designed for entertaining and future customization, featuring an outdoor TV connection, a summer kitchen hookup, and an expansive yard ready for your personal touch. Residents enjoy access to multiple community parks and the Addison Village Club, offering two resort-style pools, a splash pad, tennis and basketball courts, spaces for private events, and much more. Located within a top-rated school district, just 20 minutes from the beach, and with easy access to I-95, this home delivers the perfect blend of luxury, convenience, and Florida living. HOA FEES INCLUDE LAWN MAINTENANCE, TREE TRIMMING, PEST CONTROL, AND SPRINKLER MAINTENANCE AND REPLACEMENT, ALLOWING FOR A LOW-MAINTENANCE LIFESTYLE.
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.
