Luxury Waterfront Living with Panoramic Bay Views Just Imagine waking up every morning in this dream house to see pelicans and dolphins playing in the sparkling bay. This stunning custom-built waterfront estate is ideally situated at the end of a quiet cul-de-sac in the Gulf Breeze school district. This exceptional well-maintained two-story beauty offers breathtaking, unobstructed views of Pensacola Bay and combines classic design with modern luxury and updates. Step through the grand foyer and immediately appreciate the elegance of brushed marble flooring that is installed throughout the first level. The spacious family room, anchored by a cozy fireplace, has breathtaking views of the bay and joins seamlessly into a large gourmet kitchen planned by a professional designer perfect for cooking and entertaining. The chef’s kitchen is truly impressive, featuring a Viking gas range, built-in Thermador microwave, double ovens, and an expansive walk-in pantry. The east side of the kitchen has a comfortable sitting area along with an intimate dining nook, all overlooking the sparkling pool and expansive 1,600-square-foot screened enclosure. Enjoy spectacular sunsets and sweeping water views, including three iconic bridges, from nearly every angle. Outdoor living is unmatched with a 150-foot private dock and ten-thousand-pound boat lift —ideal for boating, fishing, and embracing the waterfront lifestyle. The first floor also offers a versatile fourth bedroom or office, a full bath, and a spacious sunroom with private access to the pool area perfect for guests or a private retreat. The luxurious primary suite features a serene sitting area with bay views and a well-appointed ensuite bath complete with double vanities, a jetted garden tub, and a separate shower. Two additional bedrooms share a Jack-and-Jill bath and boast beautiful water views. Recent updates include a new roof (2021) and HVAC system (2022), and second floor impact windows. Open House Sat 4/18 1:00 - 3:00
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.
