Welcome to an exceptional coastal retreat in the heart of Poquito Bayou, within close proximity to Eglin AFB, perfectly positioned on a .42-acre corner lot directly across from the water with captivating Bayou views and just minutes from the Poquito boat launch and neighborhood park. This impressive home offers over 3,146 square feet of beautifully designed living space--now elevated even further with the addition of a private pool, creating the ultimate indoor-outdoor lifestyle. Designed for flexibility and comfort, this 5-bedroom home, featuring two spacious primary suites, is ideal for multi-generational living, a mother-in-law suite, or hosting guests with ease. The massive open-concept kitchen and dining area anchors the home, while modern updates, hardwood floors, a living room fireplace, and abundant natural light create an inviting coastal aesthetic throughout. The primary suite wing is a true retreat, complete with a large walk-in closet and a dedicated laundry room with direct outdoor access to the covered patio and pool areaan especially thoughtful layout that seamlessly supports relaxed outdoor living. Two of the bedrooms offer direct access to the pool, enhancing the home's resort-style feel, while one of the bedrooms has a separate entrance. Additional upgrades include a whole-house generator and hurricane-rated windows and roof, providing peace of mind and year-round protection. An oversized garage, spacious laundry/mud/craft room, and ample storage enhance the home's exceptional functionality. Step outside to discover a backyard designed for both relaxation and play, featuring several patios, a sparkling pool, a designated firepit area, an outdoor storage shed, and a generously sized yard with thoughtfully sectioned spaces for gardening, pets, and children. The property also showcases established fruit treesincluding peach, apple, cherry, lime, banana, olive, and grape vinesadding charm, shade, and a touch of homestead-style enjoyment. With parking that's truly unmatched, the property boasts a five-car circular driveway plus an additional four-car driveway leading to an oversized two-car garageperfect for boats, RVs, and multiple vehicles. This is a rare opportunity to own a water-view home with boat access, a pool, dual primary suites, premium upgrades, expansive outdoor space, and exceptional parking in one of the area's most sought-after neighborhoods. Coastal living at its finest.
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.
