Welcome home to this charming Craftsman-style residence located in the highly desirable Wynnehaven Beach community. Built in 2008 and thoughtfully maintained, this inviting home offers the perfect combination of comfort, convenience, and value. One of the biggest advantages for the future homeowner is peace of mind--a brand-new architectural shingle roof will be installed prior to closing, providing years of protection and added value from day one. The HVAC system is approximately six years old, and the home is connected to public sewer, eliminating the maintenance concerns often associated with septic systems. Inside, you'll find nearly 1,800 square feet of well-designed living space featuring three spacious bedrooms, two full bathrooms, and an open-concept floor plan that feels bright, welcoming, and functional. Tall ceilings and beautiful custom carpentry details throughout the home add character and craftsmanship that buyers will immediately appreciate. Situated on a fully fenced corner lot of nearly a quarter acre, the property offers plenty of outdoor space while remaining easy to maintain. With no HOA restrictions and no flood insurance requirement, you'll have the freedom to bring your boat, RV, trailer, or other recreational toys without the limitations often found in surrounding neighborhoods. Location is everything, and this home delivers. Wynnehaven Beach continues to be a favorite among military families and local residents alike thanks to its quick commute to Hurlburt Field, nearby beaches, shopping, dining, schools, and everyday conveniences. Whether you're heading to work, spending the day on the water, or enjoying the Emerald Coast lifestyle, everything you need is just minutes away. Priced attractively in the mid-$300s, this home presents an exceptional opportunity for buyers seeking affordability without sacrificing quality, location, or charm. Flexible closing terms are available for added convenience. A newer roof, newer HVAC system, public sewer, no flood zone, no HOA, a fully fenced yard, and an unbeatable location...this is the kind of property buyers have been waiting for. Come see why this adorable Craftsman home is destined to be one of the most popular listings on the market. Schedule your private showing today before someone else calls it home.
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.
