Welcome to a rare find in Niceville! Tucked away on a quiet cul-de-sac, the lot offers more space than you might expect, including a generous side yard that's perfect for pets, play, or simply spreading out. The backyard is designed for enjoying Florida living. A 15x30 gunite saltwater pool sits at the center of a screened outdoor area, with a spacious deck and a covered lanai complete with lighting and fans. There's also a summer kitchen with a gas burner, grill, and refrigerator, making it easy to host family and friends. Tall palm trees and full fencing create a private, relaxed setting. A wired, electric shed could easily serve as a workshop or for extra storage. The yard stays looking great thanks to an automatic sprinkler system. Inside, the home offers six bedrooms plus a dedicated office with double doors and hardwood floors. Just off the front entry is a formal dining room conveniently located near the kitchen. The family room is bright and welcoming with soaring 20-foot ceilings, large windows that bring in natural light, and a gas fireplace framed by built-in shelving. Brand-new LVP flooring runs through the space, and sliding doors lead straight out to the pool and outdoor kitchen. The kitchen has been updated with new GE stainless steel appliances, granite countertops, a touch-activated faucet, and new hardware. There's plenty of cabinet storage, a pantry, a breakfast bar for casual seating, and a breakfast nook with direct access to the outdoor living area. The first-floor owner's suite provides a comfortable retreat with a tray ceiling and soft accent lighting, plus a small nook that works well for a desk or vanity. The ensuite bathroom includes a long double-sink vanity with plenty of drawer storage, a garden whirlpool tub, a large walk-in shower, a private water closet, and a spacious walk-in closet. Also on the first floor is another full bathroom, an additional bedroom, and a large linen closet in the hallway. Upstairs, a winding staircase leads to a landing and walkway that overlooks the family room below. Four additional bedrooms are located here. Each room offers comfortable space and flexibility for guests, hobbies, or family. You'll also appreciate the true laundry room, thoughtfully designed so you don't have to pass through it to reach the garage. It includes cabinets above and below the counter, as well as a utility sink. The garage offers extra ceiling height, additional storage space, and a door that leads directly to the backyard. With solar panels to help keep energy costs down, thoughtful updates, and inviting indoor and outdoor living spaces, this home offers comfort, space, and a setting that's ready to enjoy. And for further peace of mind, the Seller will provide a fully transferable home warranty.
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.
