If privacy, upgrades, and maximizing space are at the top of your list, this 2021-built home delivers. Set on one of the largest lots in the neighborhood with no future homes behind it, this 4-bedroom, 2.5-bath property combines modern construction with thoughtful upgrades, flexible living spaces, and a backyard designed for both privacy and entertaining.Inside, the open-concept layout features 10-foot ceilings, 8-foot doorways, and durable luxury vinyl plank flooring throughout the main living areas. The kitchen is designed for both everyday living & entertaining, highlighted by quartz countertops, tiled backsplash, warm soft-close cabinetry with under-cabinet lighting, and Bosch stainless steel appliances with an exterior-vented range hood. The upgraded pantry includes custom shelving, electrical outlets, and additional lighting for added functionality. The primary suite offers a spa-inspired bathroom with double vanities, quartz countertops, a frameless glass shower, and his & hers closets. All bathrooms feature tile flooring and premium finishes. Additional interior features include ceiling fans in every bedroom, TV and ethernet drops in each room, surround sound wiring, and dedicated electrical circuits in the eaves for holiday lighting. The flexible floor plan includes a flex space with pocket doors that can serve as an office, playroom, or additional living area. A separate bonus area with its own exterior entrance and two electrical zones offers excellent potential for a workshop, home gym, hobby space, or climate controlled additional storage. Outside, the oversized backyard offers privacy and space to relax or entertain with a paver patio and privacy fencing. fencing. A small, screened porch provides a comfortable spot to enjoy the outdoors while staying protected from the elements. The property also includes a sprinkler system with lawn pump and well for irrigation, gutters, small storage shed, flood lights, and a welcoming front porch. Additional features for peace of mind include a termite bond, impact rated windows, and wireless ADT self-monitoring security system. Conveniently located near military bases, schools, hospital, local amenities, and Northwest Florida State College, this home offers modern construction, thoughtful upgrades, and a highly desirable location.
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.
