Located in the desirable community of WindMark Beach in beautiful Port St. Joe, this versatile property offers coastal living with excellent income potential. Currently operating as a successful short-term vacation rental with strong demand and repeat guests. First street from the beach, a short walk to the boardwalk, beach access, community pools, town center with restaurants and shops. The home features an attached mother-in-law suite ideal for guests, extended family, or additional rental income. Enjoy lake views from the porch, living room, kitchen, and primary bedroom. Can be sold fully furnished and business-ready. WindMark Beach offers pools, boardwalks, walking and biking trails, and easy access to miles of Gulf coastline. Great opportunity to own a beach investment property. Located in the desirable coastal community of WindMark Beach in beautiful Port St. Joe, this versatile property offers an excellent combination of coastal lifestyle and investment potential. Currently operating as a successful short-term vacation rental, the home enjoys strong demand from visitors seeking beach access, resort-style amenities, and the relaxed atmosphere of the WindMark Beach community.The home is ideally situated on the first street from the beach, allowing for a short and easy walk to the beach boardwalk and Gulf shoreline. Residents and guests also enjoy convenient access to community pools, walking and biking trails, and the WindMark town center with restaurants, shops, and gathering spaces.One of the most attractive features of the property is the attached mother-in-law suite, offering flexible living arrangements. This space can be used for extended family, private guest accommodations, or additional rental income. The flexible layout makes the property appealing to both investors and full-time residents seeking versatility.The home also offers beautiful lake views that can be enjoyed from the porch, living room, kitchen, and primary bedroom, creating a peaceful and relaxing coastal setting.The property can be sold fully furnished and business-ready, allowing the next owner to seamlessly continue operating the home as a vacation rental if desired. This makes it an ideal opportunity for investors seeking a turnkey income property, or for buyers looking for a second home that can help offset ownership costs through short-term rentals.WindMark Beach is known for its thoughtfully planned coastal design and amenities, including community pools, scenic boardwalks, parks, and miles of walking and biking paths. The community provides easy access to the beautiful beaches of the Gulf Coast while maintaining a peaceful residential atmosphere.Whether used as a full-time residence, vacation home, or investment property, this home offers a rare opportunity to own a flexible coastal property in one of the most desirable communities in the Port St. Joe area.
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.
