Beautifully designed 2022 Robbins Builders home on a rare oversized corner lot with retention ponds behind and to the left offering exceptional privacy and only one neighboring home. Storm-ready upgrades include built-in hurricane shutter clips, custom fabric shields, and an over 150 mph wind-rated roof. Sellers are also including a home warranty and camera system for added peace of mind. Inside, the open-concept layout places the kitchen at the center of the home, flowing naturally between two living areas ideal for gathering, unwinding, or creating separate spaces that suit your lifestyle. The modern kitchen features white shaker cabinets with crown molding, granite countertops, stainless steel appliances, an undermount sink, and an oversized island a perfect spot for connecting with others. Luxury vinyl plank flooring runs throughout, offering a clean and cohesive feel, while floor-to-ceiling built-ins add both style and practical storage.The primary suite provides a relaxing retreat with an oversized walk-in shower, dual granite vanities, and generous storage. Three additional rooms offer versatile options giving you the freedom to tailor the home to your needs. Outside you have a covered patio that extends your living space year-round perfect for morning coffee, evening wind-downs, or hosting outdoors. The fully fenced backyard offers privacy and plenty of room to enjoy the outdoors comfortably.Prime Navarre location just minutes from Navarre Beach and convenient to Hurlburt Field, Eglin AFB, Duke Field, Whiting Field, and NAS Pensacola. With a thoughtful layout, modern finishes, and a standout lot, this home offers everyday comfort in a setting that feels easy to settle into.
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.
