Coastal Craftsman Gem Just Half a Mile from the Beach!Welcome to the largest floor plan in the sought-after Moonraker community! This impeccable 4-bedroom, 3.5-bath Craftsman-style home, built in 2019, offers the perfect blend of comfort, style, and coastal convenience--just a short walk to the stunning Emerald Coast and community pool.Property Highlights include:Spacious Layout: 4 bedrooms | 3.5 bathrooms | 2-car attached garage | 2 living areasOpen Concept Living: The main level features luxury vinyl plank flooring, an accent shiplap wall, and an abundance of natural light.Upgraded Kitchen: Granite countertops, tile backsplash, large pantry, and seamless flow into the dining area, which opens to a covered back patio-- ideal for catching Gulf breezes or watching seasonal fireworks from JB Miller Pier. First Floor Primary Suite: Includes a walk-in closet and a beautifully appointed ensuite bathroom with dual vanity sinks and a large tiled shower. Second Floor Living: An additional upstairs living area, three generously sized bedrooms, and two full baths offer space and flexibility for family or guests. Prime Location: Just 2 blocks from the County Pier and miles from the beach! Local Attractions & Amenities: Shipwreck Island Waterpark - Just 0.25 miles away Pier Park - 4 miles to premier shopping, dining, and entertainment Frank Brown Park - 5 miles to a 100-acre recreational hub with sports fields, trails, aquatic center & more St. Andrews State Park - Only 6 miles to natural beauty, hiking, swimming, boating, and snorkeling Why You'll Love It: Whether you're looking for a full-time residence, second home, or investment property, this home checks all the boxes. Tucked within one of Panama City Beach's most convenient beach communities, you're minutes from it allsun, sand, and endless activities. Don't miss this rare opportunity to own a beautiful beachside home in one of the area's most desirable locations!
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.
