Charming Navarre Home on a Large, Tree-Lined Lot! Located in the heart of Navarre, just minutes from beautiful beaches, shopping, and top-rated schools, this home offers the perfect combination of convenience, space, and potential. Situated on a spacious, .41-acre tree-lined lot, the property provides plenty of room for outdoor activities, gardening, or pets--making it ideal for families or anyone who enjoys outdoor living. Inside, the home features three bedrooms, two and a half baths, and a versatile bonus room that can serve as a crafting space, kids' playroom, or home office. The kitchen is equipped with elegant quartz countertops, perfect for cooking and entertaining. Recent updates include a BRAND NEW ROOF, ensuring peace of mind for years to come. Step outside to enjoy the covered back patio, perfect for morning coffee or relaxing afternoons, and an above-ground pool that's ideal for summer fun. The yard offers ample space for children to play, pets to roam, future landscaping projects, and plenty of room for boat and RV parking. This property is conveniently located within walking distance of Holley-Navarre Middle School and close to white-sand beaches, shopping, dining, and recreational amenities. With its large lot, No HOA, quiet neighborhood, and unbeatable location, this home offers both charm and potential in one of Navarre's most desirable areas. Don't miss the opportunity to make this exceptional property your own!
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.
