Located in the desirable Hawks Landing community, this 4-bedroom, 2.5-bath brick home offers nearly 2,600 square feet of comfortable living space with a layout designed for both everyday living and entertaining. Situated in the heart of Lynn Haven, it delivers the space, privacy, and lifestyle today's buyers are looking for. Inside, the spacious living area opens to the kitchen, creating an easy flow for gatherings and day-to-day life. The kitchen features ample cabinetry, generous counter space, and a large center island that anchors the heart of the home. The primary suite provides a relaxing retreat with double vanities, a soaking tub, and a separate tiled shower. Secondary bedrooms are well-sized and flexible for guests, kids, or a home office. Outdoor living is a standout feature with multiple spaces to enjoy, including a screened-in porch and a separate patio ideal for grilling. The privacy-fenced backyard includes a firepit, making it perfect for entertaining or unwinding at the end of the day. A major bonus is the fully paid-off solar panel system, keeping the average monthly power bill around $30 and offering incredible energy savings with no added cost to the new owner. Living in Lynn Haven means access to top schools, parks, shopping, dining, and nearby boat ramps, all while being just a short drive to Panama City Beach, Pier Park, and ECP Airport. Hawks Landing is known for its established feel, well-kept homes, and convenient location. This home delivers space, outdoor living, energy efficiency, and a location that makes Lynn Haven one of Bay County's most sought-after areas. Schedule your showing today
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.
