4190 NE 20th St Homestead, FL 33033
Your savings
About this home
SELLER IS HIGHLY MOTIVATED - BRING YOUR BEST OFFER! Spacious 6-Bedroom Home Built in 2018 Move-in ready 2-story home with 2,980 sq. ft., 6 bedrooms, and 4 full bathrooms. Bedroom & full bath on the 1st floor. Features granite countertops, wood cabinets, & stainless steel appliances. Porcelain tile downstairs, wood vinyl flooring upstairs—no carpet. Ample closet space, under-stair storage, a walk-in closet in the primary room, custom blinds, & an upstairs laundry room with washer & dryer. Parking for 6 cars (2-car garage + 4 driveway spaces), patio with a variety of fruit trees like mango, avocado, and plantains. Low HOA, no CDD. Quiet community near Air Base Elementary, Walmart, restaurants, supermarkets, & Homestead Air Reserve Base. Quick access to the Turnpike. Your slice of paradise!!
Source: MIAMIRE #A11795347
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.