Beautiful and spacious four bedroom, three bathroom home located in a desirable gated community, just minutes from Hurlburt Field and Navarre Beach. Freshly painted interiors and new carpeting make this home move-in ready.A large front porch welcomes you into a wide foyer that sets the tone for the generous layout. The kitchen and dining area are conveniently located off the foyer and open to a bright and airy living room. A three-panel sliding glass door fully retracts, connecting the living room to a screened back porch and creating a seamless indoor-outdoor living experience. It is the perfect setting for entertaining or simply enjoying the fresh coastal air during mild weather.The main level includes a large bedroom with an en suite bathroom that also functions as a gues t bathroom for the living area. This bedroom has private access to the screened porch, offering a peaceful retreat. Upstairs, two additional bedrooms and a full bathroom provide plenty of space for family or guests. A charming niche area adds flexibility for a reading corner or small office. Half a flight up, a spacious sitting area features abundant natural light and views of Santa Rosa Sound. Through a set of French doors, the master suite offers a private escape with a kitchenette, a generous balcony overlooking the backyard, a walk-in closet with custom cabinetry, and a spacious bathroom with double vanity, garden tub, and separate shower. The roof was replaced in 2024, and the home features two HVAC systems for year-round comfort. This property combines thoughtful design with beautiful surroundings, making it a must-see.
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.
