**UNDER CONTRACT WITH A 72 HOUR KICK OUT CLAUSE**Welcome to this beautifully designed 4-bedroom, 4-bathroom home, perfectly suited for a large family or those who love to entertain. With two master suites and two living areas, everyone can enjoy their own private quarters while still coming together in the home's open and inviting layout.Situated on over half an acre, this property offers privacy and relaxation with an inground pool, complete with a brand-new upgraded pool pump system (2025) and surrounded by a large fenced backyard--ideal for gatherings or peaceful evenings at home. You can also start your day on the covered porch, enjoying peek-a-boo views of the bayou and watching boats go by. Step inside and you will find a stunning kitchen featuring granite countertops, a center island with a new hooded range, sleek black appliances, recessed lighting, and all-new hardware. The spacious living room is anchored by a wood-burning fireplace with a stone surround and complemented by custom built-in cabinets and shelving. The primary master suite includes a sitting area, private pool access, an oversized walk-in closet, and a spa-like bathroom with double vanities, a separate shower, and a tub. Additional highlights include two dining spaces and a 2-car garage with a modular storage system. Best of all, there is no carpet anywhere in the home. This home has been thoughtfully updated with stucco sealed and repainted within the last four years, a widened driveway with extended boat parking, new outdoor lighting, ceiling fans throughout, a storm-qualified front door, new dishwasher and microwave, and modern touches in the kitchen to enhance style and functionality. This centrally located Niceville gem offers a perfect balance of space, comfort, and convenience. The entire lot has been subdivided into two parcels, offering multiple options for land use. Schedule your private showing today. ** NEW ROOF TO BE INSTALLED PRIOR TO CLOSING WITH ACCEPTABLE OFFER ** Buyer to verify all dimensions and information.
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.
