Nearly $100,000 in thoughtful seller improvements -- plus a rare assumable VA loan at approximately 2.7% interest -- make this Mosaic Oaks home a standout opportunity just under 4 miles from 30A's sugar-white beaches and only half a mile from Choctawhatchee Bay access. This impeccably maintained 3-bedroom, 2.5-bath home offers a beautifully upgraded coastal retreat with meaningful enhancements throughout, including a complete primary suite renovation, new luxury vinyl plank flooring, and a refreshed kitchen featuring professionally refinished cabinetry, modern tile backsplash, and upgraded cabinet lighting. Fresh interior and exterior paint, added trim detail, new shutters, gutters, and exterior doors create a cohesive, designer-inspired look rarely found in the community. The backyard is a true showstopper -- thoughtfully designed for both entertaining and relaxation with a Trex floating deck, custom paver patio, lush landscaping, irrigation system, and fully fenced yard. An outdoor umbrella and stylish fire feature create the perfect setting for grilling, gathering, or unwinding under the stars in your own private outdoor retreat. Enjoy quiet mornings on the screened front porch or step upstairs to the private balcony off the primary suite -- both ideal for catching coastal breezes and sipping coffee. The spacious primary retreat serves as a true sanctuary with dual closets, balcony access, and a spa-like bath featuring a separate garden tub and tiled shower. Upstairs, a generous landing connects the bedrooms and provides flexible space for a lounge, office, or playroom. Additional improvements include new sod, professional landscaping, storage shed, and numerous functional upgrades that enhance both comfort and long-term value. Additional seller improvements since ownership include: * Luxury vinyl flooring upstairs and stairwell * Complete primary bathroom renovation * Kitchen cabinet refinishing, backsplash, lighting, and vent hood * Interior paint with added beadboard and trim detail * Exterior paint and screened porch addition * Fence installation and irrigation improvements * Trex floating deck and custom paver patio * New gutters and exterior doors * Bermuda shutters * Landscaping and sod * Garage storage cabinetry * Outdoor storage shed The assumable VA loan at approximately 2.7% interest offers a valuable financing advantage for qualified buyers. Mosaic Oaks is a peaceful 32-home community conveniently located near Alaqua Dog Park, Padgett Park, South Walton High School, South Walton Library, local dining, shopping, and a daycare/preschool across the street. With beaches less than 10 minutes away and Choctawhatchee Bay access within walking or biking distance, this home blends location, lifestyle, and meaningful upgrades in one beautifully maintained coastal property.
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.
