Nestled in the highly sought-after Majestic Oaks community in Fort Walton Beach, this beautifully maintained home on Cummings Drive offers an inviting open floor plan and is perfectly situated on a quiet street with a beautifully manicured lawn. Ideally located just minutes from the sugar-white sands and crystalline-green waters of the Emerald Coast, this exceptional home also provides convenient access to Eglin Air Force Base and Hurlburt Field. Families will appreciate its proximity to Choctawhatchee High School and Pryor Middle School. Designed for both everyday living and entertaining, the open-concept layout flows seamlessly into the spacious living room, highlighted by a double tray ceiling, recessed lighting, and an abundance of natural light. The well-appointed kitchen features granite countertops, rich wood cabinetry, and a dedicated coffee bar station, making it both stylish and functional. Step outside to the covered porch and patio, an ideal setting for relaxing or hosting family and friends. The beautifully landscaped backyard is enhanced by vibrant crepe myrtles in full bloom, creating a colorful and peaceful outdoor retreat. The spacious primary suite easily accommodates king-sized furnishings and offers a private ensuite bath complete with dual vanities, a soaking tub, separate walk-in shower, and private water closet. A split-bedroom floor plan provides added privacy, while the secondary bedrooms offer generous closet space and convenient access to a full hall bath. The laundry room is conveniently located adjacent to the primary suite and includes attractive wood cabinetry for additional storage. The oversized two-car garage features upgraded flooring and is equipped with an electric vehicle charging outlet. Outdoor enthusiasts will love the area's abundance of recreational opportunities. Golfers can enjoy numerous nearby public golf courses, while boaters and anglers will appreciate the many public boat launches just minutes away. A nearby neighborhood park offers something for everyone, including a children's playground, basketball court, and a scenic paved walking trail surrounding the pond. This exceptional property perfectly combines modern convenience, functional design, and an unbeatable location. Whether you are looking for a peaceful retreat or a home designed for entertaining, this Majestic Oaks gem is a rare find on the Emerald Coast. Schedule your private tour today to experience everything this home and community have to offer!
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.
