Should Space Coast buyers worry about sinkholes in Brevard County, FL?

Sinkholes are part of Florida geology statewide, but risk is not uniform. Space Coast buyers in Brevard County should understand catastrophic ground cover collapse coverage, optional sinkhole coverage, and Florida's disclosure law before they buy.

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How does a reverse mortgage work for Space Coast homeowners in Brevard County, FL?

A HECM reverse mortgage lets Space Coast homeowners 62 and older convert part of their home equity into cash with no required monthly mortgage payment, as long as they live in the home …

When can you cancel PMI on a Space Coast home in Brevard County, FL?

You can request PMI cancellation once your loan balance reaches 80% of the home's original value, and your servicer must automatically end it at 78%, as long as you are current. These federal …

Can Space Coast buyers use the Florida Hometown Heroes program in Brevard County, FL?

Yes. Eligible full-time workers buying a primary residence on the Space Coast can receive up to 5% of their first mortgage amount, capped at $35,000, in down payment and closing cost assistance through …

One of the best parts of living in Melbourne, Florida is the food. Downtown Melbourne has quietly become one of the Space Coast's best dining scenes, walkable, full of independent spots, and anchored by Crane Creek and the historic district. Whether you're house-hunting in Brevard and scouting the …

How much is earnest money on a Space Coast home, and who holds it?

On most Brevard County, FL purchases, earnest money runs 1 to 3 percent of the price and is held in escrow by a licensed title company, real estate broker, or closing attorney, never …

Do I have to pay capital gains tax when I sell my Space Coast home in Brevard County?

Most Space Coast sellers owe no federal capital gains tax thanks to the IRS Section 121 exclusion: up to $250,000 of gain tax-free if single, $500,000 if married filing …

Can you assume a mortgage when buying a home on Florida's Space Coast?

Yes. If a Brevard County seller has an FHA or VA loan, a qualified buyer can sometimes assume it and keep the seller's lower interest rate. The buyer must qualify with the lender and …

What are the property tax millage rates by city in Brevard County, FL?

In Brevard County, Florida, 2025 municipal millage rates range from about 1.30 mills in Grant-Valkaria to 7.90 mills in Satellite Beach, but the city rate is only one slice of your total Space Coast …

What is Meridian at Mayfair in Melbourne, FL? Meridian at Mayfair is Lennar's newest master-planned, gated community in Melbourne, Florida, offering brand-new construction homes minutes from Florida Tech, Downtown Melbourne, the beaches, and I-95, with resort-style amenities and Lennar's Everything's Included package.

If you have been …