WELCOME TO YOUR PERDIDO KEY ISLAND GETAWAY IN THE EXCLUSIVE GATED COMMUNITY OF LOST KEY GOLF & BEACH CLUB! Enjoy top-notch amenities including private Beach Club with restaurant, gulf-front pool, and pristine white-sand beaches. Nestled on a peaceful cul-de-sac, this luxurious 4-bedroom, 4-bath villa comes fully furnished in modern coastal style. The property has never been a rental and has been meticulously maintained by the owners - you will notice the difference! This villa boasts beautiful upgrades including durable LVP flooring across the main level and bathrooms as well as elegant Plantation Shutters which create an 'island feel'. You will love the modern, open kitchen complete with stainless appliances, white quartz countertops, painted wood cabinetry, stylish backsplash and a large eat-in-bar perfect for entertaining. The top floor primary suite boasts a modern bath featuring oversized shower with custom tile and dual shower heads. Guests enjoy spacious bedrooms with en-suite baths. Whether you are looking for a primary residence, second home or investment property, this villa offers plenty of space with ample parking and storage area for your island gear. The garage has been thoughtfully painted and screened plus a convenient tiled entry is the perfect welcome after a day at the pool, beach or golf course. Lost Key Golf & Beach Club offers 24-hour gated security, tennis/pickle-ball courts, and access to an 18-hole Arnold Palmer Championship Golf Course with clubhouse, restaurant, and pro-shop. Lost Key Villas owners and guests also enjoy a fabulous, zero-entry resort-style pool with hot tub plus a well-equipped fitness center. Located just minutes from fabulous restaurants, boating, fishing and NAS Pensacola. Enjoy island living with the convenience of Perdido Key's only full service resort!
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.
