This updated two-story townhome in Fort Walton Beach checks every box for a smooth PCS landing. It's in move-in ready condition, there's no HOA, and it's an easy commute to Eglin AFB and Hurlburt Field. With a fully privacy-fenced backyard, attached garage, and a kitchen that's been almost completely rebuilt, this is the kind of home that takes the stress out of relocation. Step inside to find neutral paint and beautiful tile floors throughout the entire home that's clean, low-maintenance, and ready for whatever a military move throws at you. The u-shaped kitchen just off the front entrance has many updates with stainless steel appliances, including a bottom-freezer refrigerator, new sink, and granite countertops. A pantry adds extra storage, and the kitchen opens seamlessly into the combined dining and living area keeping guests and family connected. A dedicated laundry room and convenient half bath round out the first floor. Head upstairs to find both bedrooms and the full bath. The spacious primary bedroom features a walk-in closet and a private door directly to the full bathroom which includes a tub/shower combo and single vanity. There's also a secondary hallway entrance for guests. The second bedroom is well-sized with a ceiling fan, and both rooms stay comfortable year-round with central electric heat and air. Out back, a fully privacy-fenced yard gives you a secure outdoor space for pets, grilling, or just unwinding after a long day. The covered patio extends your living space outside. The attached garage fits one vehicle and the driveway accommodates two more, so parking is never an issue. Tucked at the end of a low-traffic dead-end street in the Winterhaven subdivision, this townhome keeps your commute short while putting beaches, dining, and shopping within easy reach. No HOA means no extra fees eating into your BAH. Schedule your showing today to see this move-in ready townhome!
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.
