Family-Friendly Gem Just Steps from Bluewater Bay Elementary! Welcome to your new home in the heart of the highly desirable Parkwood Cove neighborhood in Bluewater Bay--perfectly located! Less than a five-minute walk to the top-rated Bluewater Bay Elementary School. Say goodbye to stressful school commutes and hello to easy mornings and peace of mind. This beautifully maintained 4-bedroom, 2-bath all-brick home is designed with family living in mind. One bedroom is ideal as a home office or flex space for homework, gaming, or a playroom. You'll also love the enclosed solarium, offering a safe and sunny bonus area where kids can play, craft, or unwind after school. Step inside to discover soaring vaulted ceilings and warm bamboo flooring throughout the main living areas perfect for both family movie nights and entertaining friends. The spacious family room includes a cozy gas fireplace for those rare chilly Florida evenings, creating a welcoming hub for everyone to gather. The kitchen is a dream for busy families, featuring granite countertops, stainless steel appliances, a large center island for after-school snacks, and a custom pantry to keep everything organized. Major updates include a new roof (2025), HVAC (2022), front door (2021), water heater and garage door (2020) Offering peace of mind and energy efficiency. The primary suite includes a walk-in closet and private bath - your quiet retreat at the end of a busy day. The two-car garage provides plenty of space for bikes, strollers, sports gear, and all your family's storage needs. A transferable termite bond is in place for added protection. Located just minutes from the Mid-Bay Bridge, your family is a short drive to the sugar-white sands and emerald waters of Destin's beaches, plus all the shopping, dining, and recreation the Gulf Coast has to offer. Don't miss your chance to make this move-in ready family haven your next home. Schedule your showing 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.
