Tucked away on a quiet cul-de-sac in Navarre, Florida, this stunning 2018 Whitworth built home with bullnose corners is ready for new ownership. This beautifully maintained 5 bedroom, 3 full bathroom home offers the space, comfort, and versatility that you are looking for. Exceptional curb appeal welcomes you home with a lush lawn, fresh mulch, and attractive landscaping. Step inside to discover 9 foot ceilings, abundant natural light, and a thoughtfully designed floor plan. Just off the entryway, a flex room which provides endless possibilities such as a home office, playroom, or sitting area. Enjoy meals with family and friends in your formal dining room which overlooks your beautifully maintained front yard. Designed both for everyday living and entertainment, the open concept kitchen serves as the centerpiece of the home. It features a breakfast area, a huge island with decorative stone accent, stainless steel appliances, recess lighting, granite countertops, attractive backsplash, oversized walk-in pantry, access to additional under stairs storage, tons of cabinets space, and ample workspace. This amazing kitchen overlooks the expansive living room, complete with large windows to allow for exceptional natural lighting and creates a seamless gathering space for family and friends. From there, step outside to the large covered back patio, perfect for relaxing evenings, weekend cookouts and gatherings. A first-floor bedroom and full bathroom offer ideal accommodation for guests, extended family, or a private home office setup. On the second level of the home, you will find four additional bedrooms including a spacious owner's retreat, and a conveniently located laundry room. The owner's suite features an elegant tray ceiling, large tile bathroom floors, dual vanities, a garden tub, separate shower, and TWO walk-in closets, one of which is a custom designed closet that provides exceptional storage opportunities, presentation, and organization. Other features of this home include, but are not limited to, a covered front porch perfect for evening relaxation, an extended driveway, an additional road behind the home which allows for access to the backyard, a beautiful wooden staircase leading to the second level of the home, and large baseboards. Located just minutes from the Emerald Coast's sugar white beaches, community boat launches, local favorite restaurants, and popular shopping destinations, this home perfectly combines coastal convenience with everyday comfort. Situated on a generously sized lot, it offers the style, functionality, and space to make it your own. This home could be your dream come true! Let's not forget that location matters, as this home offers easy access to the interstate and major local highways. You'll enjoy both a peaceful neighborhood setting and quick access to surrounding areas. Don't miss your opportunity to call this exceptional property yours. Welcome Home! Buyer(s) is responsible for verifying ALL data and information, including lot size and room measurements, as it is deemed to be reliable but not guaranteed.
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.
