711 Kenwood Cir Melbourne, FL 32940
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About this home
Immaculate, 2bed/2ba/2car townhouse offers serene lake views plus many premium upgrades. Designed for superior comfort & efficiency, the home features NEW 2024 A/C + Condenser, High-Efficiency Electric Water Heater (about $200/yr), Whole House RENE HALO Air Purifier for healthy living. Gorgeous 2024 renovated kitchen, w/elegant dolomite rock countertops, marble backsplash, Kraus farm-style sink with no-touch faucet, new appliances including Bosh dishwasher, Microwave, Samsung Induction Range, garbage disposal. Architectural highlights include cathedral ceilings, 5'' baseboards, ceramic floors, 2 bay windows, 9 skylights. Enjoy smart control with 12 Google-controlled dimmers, 6 Google-controlled fan lights, plus a Whole House Water Leak Monitor for peace of mind. The Primary Suite is a retreat w/vaulted ceilings. Master bath features an accessible walk-in tub plus accessible shower, double vanities, sauna, bidet. Laundry has new LG Dryer. Brand new Polyaspartic floor in the oversized garage made to handle 160 degree hot tires. Peace of mind exterior maintenance including roof replacement and maintenance and painting is included on your HOA fee. Enjoy the community pool and quick access to Suntree Country Club and three other golf courses. This prime location is just minutes from Publix and Costco, as well as The Avenue shops. You're also close to the Brevard Zoo, parks, and a variety of restaurants. For longer trips, the community is less than one hour from Orlando and Disney Parks, under 30 minutes to Port Canaveral. This home is move-in ready and waiting for you.
Source: BREVARDMLS #1059278
Neighborhood
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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.