One of the best values currently available in Navarre! this property is priced to sell fast and represents a rare opportunity to purchase well below appraised value in a highly desirable area. Whether you're looking for a primary residence, investment property, or your next project, the upside here is undeniable. Situated on nearly half an acre, the property provides plenty of room to spread out, enjoy outdoor living, store recreational equipment, or create the backyard you've always envisioned. Large lots at this price point are becoming increasingly difficult to find, especially in such a sought-after location. Adding even more value, the home will be delivered vacant and clean, making for a smooth transition to its next owner. While move-in ready, there is still plenty of opportunity to add your own personal touches and improvements to unlock additional value and truly make the property your own. Located within the highly desirable Holley by the Sea community, owners enjoy access to one of the area's premier amenities—a breathtaking 48-acre waterfront park along Santa Rosa Sound featuring recreation, outdoor activities, and a lifestyle that makes this neighborhood one of Navarre's most popular destinations. Property Highlights: - Well below appraised value - Priced aggressively to sell fast - Nearly ½-acre lot - Delivered vacant and clean - Excellent opportunity to add your own updates and build equity - Located in the highly sought-after Holley by the Sea community - Access to a stunning 48-acre park along Santa Rosa Sound - Strong value for homeowners, investors, or second-home buyers Opportunities to purchase in Holley by the Sea at this price point are extremely rare. Don't miss your chance to secure a property with substantial upside, a large lot, and an unbeatable location before it's gone.
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.
