Bring your boat or RV! Welcome home to this stunning custom brick residence built by a Parade of Homes award-winning builder. Ideally located with no HOA, you'll be just 6 minutes from Hurlburt Field's back gate and 10 minutes from Eglin AFB, making this the perfect blend of convenience and comfort.From the oversized driveway with RV pad (and 50 AMP RV hookup!) to the massive screened-in porch overlooking the large fenced backyard, this home is designed for both functionality and relaxation. Step inside to soaring 10 ft. ceilings, elegant crown molding, 8 ft. interior and exterior doors, custom-milled casings, and durable wood-look tile flooring throughout - a true showcase of quality craftsmanship.Beyond the inviting covered front porch and beautiful glass entry door, you'll find a thoughtful and spacious 2,540 sq. ft. floor plan. The split layout offers exceptional privacy: two guest bedrooms share a Jack-and-Jill style bath with double vanities, while a fourth bedroom sits on its own wing with a private full bathroom which could be ideal for guests or occupants who would appreciate a little more privacy - or a quiet home office. The owner's suite is a peaceful retreat featuring abundant natural light, crown molding, and two custom walk-in closets with wood shelving. The en suite bathroom includes two separate vanities, a walk-in shower, a relaxing jetted tub, a private water closet, and a convenient linen closet. The chef's kitchen is sure to impress with granite countertops, a prep sink, undermount lighting, a stylish backsplash, stainless steel appliances, and a built-in wine fridge. Don't miss the show-stopping oversized refrigerator and freezer - a true standout feature! And enjoy the convenience of TWO pantries complete with custom wood shelving. Located just minutes from the Emerald Coast's sugar-white beaches on Okaloosa Island, this home offers the best of Florida living. Move-in ready, beautifully finished, and loaded with upgrades this one checks every box.
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.
