NEW PRICE – Exceptional Value on a Move-In Ready Brevard Property! Take advantage of this recent price reduction and discover everything this meticulously maintained 3-bedroom, 2-bath ranch bungalow has to offer. Situated on 1.3+ private, usable acres just minutes from downtown Brevard, this property combines comfort, convenience, and versatility at an outstanding value. As an added bonus, a gas generator is now included, providing peace of mind and backup power when you need it most. Designed for easy single-level living with no steps, this bright and inviting home features an open, accommodating floor plan filled with natural light. The kitchen shines with granite countertops, stainless steel appliances, and ample workspace, while tile flooring throughout the main living areas, kitchen, bathrooms, and laundry room offers durability and easy maintenance. Comfortable carpeted bedrooms provide a cozy retreat. The spacious primary suite is a standout feature, offering direct access to the rear patio for peaceful outdoor enjoyment, along with a handicap-accessible shower featuring built-in seating for added comfort and convenience. You'll appreciate numerous valuable updates, including newly installed windows with a transferable warranty, a high-efficiency HEPA HVAC system with a transferable maintenance schedule, an updated septic system, newer gutters, and a propane tank rental already paid through April 2027. Step outside and enjoy the lifestyle this property offers. Expansive outdoor living areas are perfect for relaxing or entertaining, complete with a horseshoe pit and a dedicated grilling area featuring a solid picnic table that conveys with the property. The large, level yard is fully fenced and equipped with an electric fence system, making it ideal for pets while providing added peace of mind. Beautiful landscaping and paved walkways enhance the property's private, park-like setting. Additional features include a detached garage with workshop, ample parking, a beautiful circular driveway with a custom entrance gate, a 30-amp RV hookup, and easy year-round access. Located just down from Brevard High School, this home enjoys the convenience of being close to downtown Brevard while remaining outside the city limits with no city taxes. The property lies within the City of Brevard's ETJ and is zoned GR4, offering excellent flexibility and long-term potential. Rare for such a desirable location, the zoning allows for a hobby farm with livestock permitted (see attachment for details). Constructed with durable block construction, the home provides a warm, dry environment and may offer significant savings on homeowner's insurance. Select furniture pieces may also convey with an acceptable offer, creating an even more attractive move-in-ready opportunity. With its recent price reduction, included gas generator, valuable updates, flexible zoning, and private setting, this property offers an incredible opportunity in one of Brevard's most desirable locations. A peaceful sanctuary and a true must-see!
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.
