Welcome to this beautiful custom brick Craftsman home built in 2018 and perfectly located in the heart of Gulf Breeze. With 3 bedrooms, 2 bathrooms, and 1,763 square feet, this home offers a bright, open layout with vaulted ceilings that make the space feel light and inviting the moment you walk in. The kitchen is a standout, featuring granite countertops, stainless steel appliances, and soft-close cabinet doors and drawers, ideal for both everyday living and entertaining. Luxury vinyl plank flooring flows through the main living and dining areas, while tile floors in the bathrooms and laundry room add durability. The bedrooms are comfortably carpeted, creating cozy retreats. Step out back and enjoy your own privately fenced backyard, perfect for relaxing or hosting friends and family. The screened-in/enclosed patio makes outdoor living enjoyable year-round, and the sprinkler system with lawn pump keeps the yard looking great with ease. A 2-car garage provides plenty of storage and convenience. Energy efficiency is a bonus with solar panels that will be paid off at closing, offering long-term savings with no added cost to the buyer. Location is everything — this home is just 1.2 miles from the Woodlawn Beach Boat Ramp, 1.1 miles from Woodlawn Beach Middle School, and only 1.6 miles from the new Soundside High School set to open in 2026. Whether you love being near the water, value nearby schools, or want a move-in-ready home, this one truly checks all the boxes.
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.
