2350 Fallon Blvd NE Palm Bay, FL 32907
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About this home
LOCATION LOCATION LOCATION! Welcome to the epitome of Florida living. Completely updated home towards the end of the cul-de-sac on an oversized lot. New hurricane impact windows & sliders, hot water heater, and newer 2021 roof. Flushed dimmer lights newly installed through out. New master walk-in over sized tile and gold trim shower. SEE MORE PRICED TO SELL!!! Welcome to your dream Florida coastal home, nestled on the edge of a nature preserve. This stylish abode offers three spacious bedrooms, two full bathrooms, and an open floor plan that's both roomy and cozy, thanks to a charming fireplace and cathedral ceiling. Storage won't be an issue with an oversized 2-car garage, complete with shelves, and two large sheds. The .26 acre lot is a breath of fresh air, with new impact windows and sliders for safety and durability. Natural light floods the home, while adjustable lighting sets the perfect ambiance. Elegance meets comfort with travertine tile in the main area, warm wood floors in the master bedroom, and luxurious Calcutta tile in the bathrooms and guest bedrooms. Step into your backyard paradise, complete with a heated shower, covered pergola, and a chicken coop that matches the home's style. Exotic plants create a lush environment, centered around a unique airplane turbine fire pit for memorable evening gatherings. The giant screened-in porch is your all-weather haven, with room for a boat or RV. A fish crane and hot water spigot make for easy boat maintenance. Living here means being steps away from Turkey Creek, perfect for fishing, kayaking, and walking trails. Plus, you're conveniently located between US-1 and Interstate 95, making local amenities easily accessible.
Source: BREVARDMLS #1047145
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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.