Built in 2018 and thoughtfully designed for both everyday comfort and entertaining, this spacious four-bedroom, three-bath residence sits in Elliot Pointe in the heart of downtown Fort Walton Beach, just moments from the water. Positioned in a golf cart-friendly area with convenient access to boating, beaches, dining, and local events, the home offers an exceptional blend of modern construction, flexible living space, and coastal lifestyle appeal. Inside, the two-story layout offers a bright and open atmosphere highlighted by 10-foot ceilings and quality finishes throughout. The main level features three bedrooms and two full bathrooms, including a private primary suite with a split floor plan that provides both comfort and privacy. Wood-grain tile flooring flows throughout the living spaces while coffered ceilings, recessed lighting, plantation shutters, and fresh interior paint create a polished and inviting environment. The kitchen serves as the central gathering space with shaker-style cabinetry, soft-close doors and drawers, granite countertops, stainless steel appliances, and plenty of room for both cooking and conversation. A second living room upstairs adds valuable flexibility to the floor plan. This level also includes a fourth bedroom with two closets and a full bathroom, making it ideal for guests, a media room, a home office, or a private retreat for extended family. Outdoor living takes center stage in the private backyard, where a heated in-ground gunite pool creates a resort-style setting perfect for relaxing afternoons or weekend gatherings. The fenced yard provides added privacy while the removable pool safety gate offers peace of mind. Energy-efficient solar panels, already paid off, add long-term savings and sustainability. Location enhances the lifestyle even further. A public boat launch sits just a few blocks away, making spontaneous days on the water effortless. The nearby Fort Walton Yacht Club offers optional membership with dining, a private beach, event space, boat slips, a pool, and a vibrant calendar of activities just about a mile from the home. With no HOA and no rental restrictions, the property offers rare flexibility for homeowners and investors alike. The surrounding downtown area continues to evolve with redevelopment momentum and the highly anticipated Brooks Bridge project, expected to enhance connectivity and long-term property values. This is a modern coastal home positioned perfectly for enjoying the Emerald Coast lifestyle, whether as a primary residence, second home, or investment opportunity.
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.
