This move-in ready gem in East Navarre is loaded with a top to bottom refresh. Plus, the big-ticket items are already handled: Roof 2022, HVAC 2023, Water Heater 2020. Vaulted ceilings, fresh paint, inside and out, smooth ceilings throughout (no popcorn in sight), updated lighting, new ceiling fans, brushed nickel finishes on every fixture and piece of hardware creates a cohesive, polished look. The kitchen shines with new quartz countertops and new stainless steel sink. And lets not forget the new paddle switches and outlets for a finishing touch. Five new vinyl windows improves curb appeal, efficiency and sound deadening. The Florida room, covered patio, the freshly pressure washed exterior, and a gravel RV / boat pad with 30-amp hookup out back is perfect for year round enjoyment! This location couldn't be more dialed in. Nestled near a quiet cul-de-sac in East Navarre, you're minutes from Walmart, the sugar-white beaches of the Emerald Coast, Hurlburt Field, and NAS Whiting Field -- less time commuting, more time living. PCS season is here, and this home is ready for you. Whether you're a veteran looking to assume that unbeatable rate or a buyer tired of renting -- 2232 Lemure Drive is an affordable option in a fantastic location. VA assumable loan at 4.75% interest, with just an $80,000 balance and 15 years left on the term, a qualified buyer with VA loan entitlement can step into instant equity and a $1,313 monthly payment that today's market simply can't touch. All information is deemed to be reliable and parcel records are pulled from county property tax records; however, buyer and buyer's agent are responsible for their own due diligence and verification of any 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.
