Tucked in the cul-de-sac of Topsail Walk, this move-in ready home is perfectly situated to welcome you to the South Walton community! The entire first floor has been repainted, including ceilings, walls, doors & trim. The entire home has been deep-cleaned, and a pre-listing inspection was ordered and all reported repairs have been performed. Conveniently located less than ten minutes from Walmart, the Choctawhatchee Bay and the beaches of 30A, Topsail Walk is a hidden gem among the surrounding 30A communities. Comprised of only 24 homes lining Topsail Drive, Topsail Walk is an idyllic place to start your next chapter - the kind of place where neighbors know one another and kids know dinner is ready when the porch light comes on. The home faces south, bringing daily sunrises and the sunsets to the front porch & shaded summer afternoons to the large back deck and paver patio. Being in the cul-de-sac, the back yard spans wide, providing ample room for expanding or upgrading entertainment space & landscaping. Entering through the front door, you are welcomed to engineered hardwood flooring throughout the first floor. Coming through the spacious entry, you will find a half-bath on your left before entering the home's main living space. The open concept floor plan allows for easy entertaining. The kitchen is clean and inviting with granite counters, decorative tile backsplash, white cabinets & stainless steel appliances. A peninsula separating the kitchen from the dining area allow room for several barstools while the living room spans the width of the home and brings in lots of natural light. Heading upstairs, you will find carpeted flooring throughout. The spacious landing will lead you to the laundry closet and all three bedrooms. The master bedroom is thoughtfully tucked in the rear of the home and faces the beautifully wooded land behind the property. A surprisingly large walk in closet and en-suite allow for optimum privacy and convenience in your daily life. The master bathroom is complete with two sinks, a soaking tub and separate walk-in shower. Meanwhile, the two additional bedrooms are adjoined by a jack-and-jill bathroom with two vanities, separated by a large storage closet. If you're looking for a quiet home a short walk from the bay and a short drive away from the 30A lifestyle, inquire today!
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.
