Positioned along the tranquil shores of the Santa Rosa Sound, this waterfront residence balances luxury, functionality and coastal living with remarkable ease. Thoughtfully designed for both entertaining and everyday comfort, the home features open indoor and outdoor living spaces, private boating access and panoramic water views throughout. A welcoming screened foyer and custom entry doors open to soaring ceilings and an open-concept floor plan filled with natural light. Oversized sliding glass doors frame stunning views of the sound while seamlessly connecting the main living areas to the outdoor entertaining spaces beyond. At the heart of the home, the well-appointed kitchen was designed to impress. Two oversized islands provide abundant prep and gathering space, including a dedicated entertaining station complete with a bar sink, beverage refrigerator and ice maker. Premium appliances include a Viking six-burner gas cooktop, double ovens, built-in microwave, Miele dishwasher with additional dishwasher drawer and an oversized built-in KitchenAid refrigerator. Extensive cabinetry, pull-out storage systems and a spacious pantry with additional workspace further enhance the kitchen's functionality. The dining area and great room overlook the water and flow effortlessly onto the covered back porch, where a fireplace and outdoor kitchen create the ideal setting for year-round entertaining. Just steps away, a private dock with a boat lift extends into the sound, offering direct access for boating, fishing, paddleboarding and swimming. The main-level primary suite serves as a private waterfront retreat with direct porch access and south-facing windows capturing picturesque water views. The spacious ensuite bath features dual vanities, two oversized walk-in closets, a whirlpool tub, an expansive walk-in shower with multiple shower heads. A second bedroom and full bath are also located on the main floor. Upstairs, a loft-style landing opens to an additional living area, providing flexible space for relaxation or recreation. Two guest bedrooms with walk-in closets share a Jack-and-Jill bath, while a separate fifth bedroom and full bath located next to the garage offer additional privacy for visitors. Additional features include an oversized two-car garage, covered parking area, riprap seawall and numerous custom finishes throughout. Combining quality construction, thoughtful design and an enviable soundfront setting, this exceptional property offers a rare opportunity to experience the best of waterfront living on the Emerald Coast.
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.
