1201 Pawnee Ter Indian Harbour Beach, FL 32937
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About this home
Beachside pool home with paid off solar at closing! 2021 Roof, 200 Amp Electric Box, Impact Windows, and doors. Step into this meticulously kept home, as you walk in you have a living room, which leads to the primary bedroom with a remodeled bathroom that has a pool door and walk in closet. As you keep walking you have your oversized laundry room with plenty of storage available, conveniently located dining room and your remodeled kitchen with newer soft close, all wood cabinets, quartz countertops, and one year old stainless steel appliances! A true split floor plan with two more bedrooms, a remodeled bathroom and a living area. Your private oasis in the backyard with a screened in pool, hot tub and an expansive deck perfect for lounging or hosting guests! The solar panels come with a backup battery so you have power even when the power grid goes out. You have a garden on the side of the house with fruits and vegetables ready to harvest! Come see this centrally located beach home!
Source: BREVARDMLS #1059858
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.