7635 Fringe Pl Cocoa, FL 32927
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About this home
There's no place like home—and this one proves it! The backyard is a showstopper featuring a brick paver patio, firepit, gazebo with hot tub & bar, above-ground pool with raised deck, and lush tropical landscaping. Inside, the open floor plan has no carpet, with formal living and dining rooms plus a family room and sun porch that opens into a screened patio. Major updates done: roof 2021, HVAC 2020, pool/deck 2017, fence 2014, hot tub & gazebo 2022, water heater 2025, dishwasher 2024, washer/dryer 2021. Freshly pressure washed and wood re-stained, this home is truly move-in ready! Even the TVs convey! Privacy abounds with fenced yard & no rear neighbors. Located in desirable Cypress Woods—enjoy sidewalks, ponds, and playground with no connecting neighborhoods. Conveniently near I-95, Hwy 50, and US-1, just minutes to shopping, Indian River, Kennedy Space Center, Port Canaveral, and beaches. Paradise found right on the Space Coast!
Source: BREVARDMLS #1061053
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Close stress-free in 45 days, handled start to finish by Roam.
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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.