Charming Brick Home in the Heart of Marsh Harbor- Nestled in the peaceful and welcoming neighborhood of Marsh Harbor, this beautifully maintained brick home offers the perfect blend of comfort and convenience. Whether you're a first-time homebuyer or looking for a cozy retreat, this property has something for everyone.From the moment you arrive, the classic brick exterior exudes timeless curb appeal, complemented by a spacious two-car garage providing ample storage and parking. Inside discover a thoughtfully designed split bedroom floorplan that maximizes both space and privacy. The main living areas feature durable, easy-to-maintain LVP flooring, while the bedrooms are comfortably carpeted, creating a cozy retreat for rest and relaxation. The open-concept kitchen and living room create an inviting atmosphere, ideal for entertaining friends and family. The kitchen, which features sleek stainless steel appliances, is fully equipped for all your cooking needs and includes a breakfast bar that offers the perfect spot for casual meals or a quick coffee. The home's recent updates include a brand-new roof and a 2020 Runtru by Trane HVAC system, ensuring comfort and peace of mind for years to come. The home has been meticulously maintained and professionally cleaned, including a full-pressure wash and fresh paint top to bottom with high-quality Sherwin Williams paint. Every inch of this home is move-in ready, allowing you to settle in without the need for any additional work. One of the standout features of this home is the spacious primary suite. This retreat-like space offers a private sanctuary complete with an ensuite bathroom featuring a double vanity, a garden tub perfect for unwinding after a long day, and a separate linen closet for added storage. The suite also boasts a huge walk-in closet, offering all the space you need for your wardrobe and personal items. For added convenience, the home includes an indoor laundry room, keeping chores separate from your living spaces. The irrigation system, powered by a well with a newly installed pump, ensures your lawn stays green and healthy while keeping water costs down. Outside, the neighborhood is designed for easy living with sidewalks throughout, offering a perfect setting for evening strolls. The waterfront boardwalk with a dock is just steps away, providing a peaceful spot to relax by the water. With underground utilities, streetlights, and security mailboxes, the community is well-kept, while the low HOA fee adds to the affordability of living in Marsh Harbor. With its prime location just minutes from Hurlburt Field, thoughtful design, and numerous updates, this home is a rare find in a fantastic neighborhood. Whether you're enjoying the tranquility of your private backyard, strolling along the water, or relaxing inside your spacious home, it's easy to see why this property is a great place to call home. Don't wait- schedule your private showing today and discover all that this charming home has to offer!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
