EXQUISITE DIRECT OCEANFRONT FURNISHED 3BR/3BA COASTAL RETREAT BOASTING SWEEPING OCEAN VIEWS & APPROXIMATELY 2,200 SQUARE FEET OF LUXURIOUS LIVING AREA PLUS A HUGE 40' PRIVATE OCEANFRONT BALCONY!! This spectacular condo is located in the exclusive Martinique Condominium on the pristine sugar sand ''no drive'' beach in the beautiful coastal enclave known as Ponce Inlet. Boasting just 24 elegant residences, resort-style amenities and a limited rental policy, this magnificent condo offers a level of privacy rarely found in oceanfront condos. This awesome showplace is freshly painted and has a spacious open split bedroom floor plan featuring 9' ceilings, two separate living areas for added comfort, two huge oceanfront primary en-suite bedrooms (one with a Murphy bed) each with sliders to the oceanfront balcony & private spa style bathrooms. The third bedroom is also spacious. Travertine flooring throughout makes this superb residence perfect for beachside living. Enjoy vibrant sunrises from the oceanfront great room & the west facing family room is perfect to watch magnificent sunsets every day! The chef's fully-equipped eat-in kitchen has a convenient breakfast bar, Viking, Bosch & GE appliances, Granite countertops, full backsplash, ample cabinet space & custom pantry. Additional features include a new HVAC system in April 2021, electric storm shutters, a large inside utility/laundry/storage room with a sink, plus an additional outside private storage room for bicycles and beach toys. The sparkling heated pool & spa is located on the south side of the building for maximum sun all day. A fitness center and club room also add to the upscale amenities. The secured entrance, inviting lobby & underground parking provide security and peace-of-mind. See jaw dropping rocket launches from the expansive 40' private balcony! This meticulously maintained building has excellent management and NO pending assessments. Pet friendly with NO weight limit! Walk or bike to the historic Ponce de Leon Lighthouse & Jetty Park, Marine Science Center, charter fishing, marinas, waterfront restaurants with entertainment, dog park/beach, sailing & more!! Enjoy Florida coastal living at its finest!!
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.
