1949 Rockledge Dr Rockledge, FL 32955
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About this home
Iconic Rockledge Drive. 92' of Indian River frontage, nearly an acre of deepwater luxury & a 2021 custom built masterpiece that blends modern systems with timeless construction. Built with solid block on the first floor & reinforced framing above, the home is wrapped in cultured stone, impact-rated PGT Low-E windows & a hurricane-rated garage door. Inside, Lauzon hardwoods span the main living spaces while Cambria Portrush & quartzite surfaces elevate the kitchen & baths. A SubZero fridge, Wolf induction cooktop, steam & convection ovens, Cove dishwasher & custom cabinetry create a kitchen worthy of its scale. A 12' chandelier with motorized lift, 72'' Dimplex fireplace, smart blinds & full Lutron lighting offer elevated ease. Enjoy a PebbleTec saltwater pool w/ Pentair automation, shellock pavers, & screened enclosure. Whole-house generator, 500-gal propane tank, 80-gal hybrid water heater, irrigation well, smart systems, cameras & full Price Termite Bond complete the package. Every system is curated for performance & longevity: an 18 SEER Trane HVAC, 20KW Kohler whole-house generator with transfer switch, 500-gallon owned propane tank, 80-gallon Rheem hybrid water heater, & Fleck water softener provide comfort & resilience. Smart features include Lutron lighting, integrated security & surveillance, wireless access points, & Liftmaster MyQ automation. Outdoors, the resort-style saltwater pool is finished in Pebbletec & fully automated by Pentair, with a variable-speed pump, Shelllock pavers, pool alarm, & full cage enclosure. The professionally irrigated grounds draw from a private well & are framed by a Belgard paver drive. Backed by a 10-year transferrable structural warranty & active service agreements for termite protection & aerobic septic, this home exemplifies forward-thinking craftsmanship on the waterfront.
Source: BREVARDMLS #1052510
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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.
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