POOL HOME ON OVER AN ACRE IN YELLOW RIVER PLANTATION! Experience the perfect blend of peaceful country living and modern convenience in this spacious custom-built home situated on over an acre in the highly desirable Yellow River Plantation community of Laurel Hill, Florida. Offering exceptional value and endless potential, this 4-bedroom, 3-bathroom home features a versatile floor plan designed for today's lifestyle. Inside, you'll find a dedicated home office, formal dining room or flex space, spacious living room, and a separate den featuring a custom barn door entry--ideal for a media room, playroom, or additional living space. The oversized primary suite and generously sized secondary bedrooms offer abundant closet space, while the Jack-and-Jill bathroom layout provides separate vanity and shower areas for added functionality. The heart of the home is the expansive kitchen featuring granite countertops, extensive cabinet storage, a large center island with electrical outlets, breakfast bar seating, built-in desk area, and an oversized walk-in pantry. The adjoining living area showcases a gas fireplace with custom built-ins, creating a warm and inviting gathering space. Step outside and enjoy your private backyard retreat complete with a sparkling pool, updated gazebo, fully fenced backyard, and plenty of room to relax, entertain, garden, or enjoy the outdoors. The oversized driveway accommodates approximately 10 vehicles, offering plenty of parking for guests, recreational vehicles, boats, or additional family vehicles. Additional upgrades include gutters, a security system, custom built-ins, updated lighting fixtures, kitchen pendant lighting, and updated ceiling fans in the living room, dining room, and primary suite. Yellow River Plantation offers residents the charm of a custom-home community with the tranquility of country living. Neighborhood amenities include two stocked fishing ponds, two scenic nature trails, and a community playground. Enjoy the space and privacy of acreage living while remaining conveniently located near shopping, dining, schools, and major commuting routes throughout Northwest Florida. This location is especially attractive for military personnel, offering convenient access to Eglin Air Force Base, Duke Field, Hurlburt Field, 7th Special Forces Group, and other military installations throughout the Florida Panhandle. Whether you're searching for a military relocation home, a pool home with land, or a spacious Northwest Florida property with room to grow, this home checks all the boxes. Being sold AS-IS (new flooring, paint & minor cosmetic touch-ups needed), this property presents an outstanding opportunity to own one of the best values currently available in Yellow River Plantation. Come discover the lifestyle, space, and potential that make this community one of Northwest Florida's hidden gems.
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.
