Dive into this beautiful property, where luxury waterfront living meets breathtaking East Bay views. Situated on an expansive lot with 108 feet of waterfront frontage, this exceptional brick home offers direct water access, spectacular sunsets, and the coastal lifestyle Gulf Breeze is known for. This 2,520-square-foot residence features 4 bedrooms, including 2 master suites, 3 full bathrooms, and an open-concept split floor plan designed for comfort and entertaining. The main living area showcases soaring 14-foot vaulted ceilings, while 9-foot ceilings throughout create an open, airy feel. Large windows fill the home with natural light and highlight stunning water views. The chef-inspired kitchen features granite countertops, beautiful cabinetry, a large center island perfect for entertaining, a gas range, and a vented microwave hood system. A dedicated laundry room adds everyday convenience. The primary suite offers a private waterfront retreat with an ensuite bath, while the second master suite is ideal for guests or multi-generational living. A bright sunroom provides panoramic East Bay views and a peaceful place to relax. Outdoor living is exceptional with a 10' x 32' covered tiled lanai overlooking the enclosed 16' x 32' in-ground pool. The screened pool area, expansive backyard, and private dock create the perfect setting for boating, fishing, swimming, kayaking, entertaining, or simply enjoying the water. Recent updates include a new roof (2026), HVAC air handler (2025), water heater (2025), and pool liner (2021). Located in the desirable Lagniappe Beach community, the home offers access to nearly 10 miles of scenic waterfront trails and is close to the new Soundside High School, shopping, dining, beaches, and military bases. With no HOA, 108 feet of waterfront, a private dock, and unforgettable sunsets, this is a rare East Bay waterfront opportunity. VA assumable mortgage!
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.
