Enjoy peaceful water views from this beautifully maintained all-brick 3 bedroom, 2 bath home situated on a spacious cul-de-sac lot in a desirable non-HOA subdivision near Hidden Creek Golf Course and just minutes from Navarre Beach.Have peace of mind with major system updates already completed, including a 2021 roof, 2019 HVAC, and water heaters replaced in 2023 and 2025.Inside, the open-concept floor plan showcases custom touches throughout, including arched doorways, bullnose corners, crown molding, tray ceilings, ceiling fans, and a cozy fireplace. Luxury vinyl plank flooring flows through the living and formal dining rooms, while tile flooring is featured in the kitchen and baths. The living area also includes a built-in dry bar with granite countertops and storage, and the mounted flat-screen TV conveys with the home.The spacious kitchen is designed for both everyday living and entertaining, offering granite countertops, stainless steel appliances, a French-door refrigerator, soft-close drawers, pendant lighting, breakfast bar seating, a separate dining nook, and a formal dining room. The oversized walk-in pantry measures nearly 5’ x 8’ and includes its own utility sink.The private primary suite is wired for surround sound and features a luxurious en-suite bath with double vanities, deep garden tub, private water closet, and a walk-in, step-down tiled shower with natural light from a window. An additional 50-gallon water heater serves the primary bath. Two generously sized guest bedrooms offer ample closet space.Additional features include an interior laundry room with washer, dryer, and utility sink, a 2-car garage, sprinkler system, and attic flooring for extra storage.Sliding glass doors open from the living room to a bright Florida room that leads to the covered back patio overlooking the fishing pond. The privacy-fenced backyard extends beyond the fence line to a tranquil fire pit area, creating the perfect setting to relax, entertain, and enjoy the natura
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.
