BRICK ESTATE with INGROUND POOL, on 1.5 ACRE LOT, featuring 24 X 32 POWERED WORKSHOP, COVERED RV PARKING & HOOKUP, MULTIPLE STORAGE BUILDINGS, VINEYARD, FRUIT TREES, SCREENED PORCH, BRAND NEW CHEF'S KITCHEN, 2 MASTER SUITES... and that's just the beginning of a LONG LIST OF UPGRADES!They don't build them like this anymore!Welcome to your custom masonry estate; featuring metal roof with expansive columned southern-style front porch, mature landscaped acreage, and entry pillars flanking a long driveway that will accommodate several cars. Step inside to a 4 BR/3 Bath PLUS BONUS ROOM that will accommodate large gatherings with space to spare.(Continued) The grand formal living/dining space features stained crown molding, laminate wood flooring and large picture window overlooking mature trees. The owners renovated the gourmet kitchen -- CUSTOM OAK CABINETRY, ELABORATE PANTRY SYSTEM, GRANITE ISLAND AND BREAKFAST BAR, DOUBLE OVEN WITH COOKTOP, glass tile backsplash... and eat-in breakfast area. BONUS: Your kitchen overlooks your inground pool. Details on the pool area momentarily. The HUGE FAMILY ROOM also overlooks the pool and includes wood-burning fireplace with hearth and built-in wood storage. There's also a built-in wall storage for crafting or gaming. Let's talk master suites (there are two of them). The first is spacious with 2 closets (1 walk-in), laminate wood flooring, picture window and a large master bath that offers corner jacuzzi, separate makeup vanity, 2 sinks, linen closet, separate shower with faux marble treatement and UNTAPPED EQUITY! The second master suite is cozy, with views of the pool and a private bathroom that offers standard tub/shower combination. Bedroom #3 boasts a built-in wardrobe and Bedroom #4 touts two separate closets (one of them HUGE). The owners renovated the 3rd bathroom adding a 2 person walk-in shower with glass doors, single vanity and new toilet. The bonus room would be perfect for an office, homeschool area or crafting room. #YouDecide Now for the backyard... Not only do you have a SCREENED PATIO, you also have a COVERED PATIO.. and an OPEN PATIO FOR GRILLING! There's an INGROUND POOL WITH SLIDE and plenty of lounge space for tanning. The handyman or handywoman will appreciate the POWERED WORKSHOP WITH GARAGE DOOR AND SPACE FOR WOODWORKING, along with a separate TRACTOR LEAN-TO SHED. Guests will enjoy the COVERED RV PARKING PAD WITH HOOKUP. Gardeners will relish the grape vineyard, fruit trees, gardens and multiple storage sheds found on the property (some of them insulated). Did I mention there is also a treehouse? This was a favorite feature for the owner's children and grandchildren. Many memories were made in the treehouse. The backyard is fully-fenced with worry-free hurricane fencing and includes multiple gates for access. The parklike setting also includes a picnic table and firepit area for evening retreats under the stars. This is one of the largest lots in this part of Crestview, and I am happy to report COUNTY TAXES and NO HOA! This estate hits all the checkboxes on your list.. YET YOU STILL HAVE UNTAPPED EQUITY! Are you ready to cash in? Make an offer 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.
