Welcome home to this inviting single-level residence offering comfort, warmth, and everyday ease within a gated golf course community. Perfectly positioned between the third and ninth holes of Shalimar Pointe Golf Course, the property enjoys a peaceful residential setting set away from through traffic.Built with classic brick construction, the residence blends durability with meaningful interior updates. Recent improvements include a BRAND NEW roof (2026) and gas water heater (2026), along with new carpet, renovated bathrooms, and an updated kitchen that brings modern touches into a timeless layout. Inside, cathedral ceilings elevate the main living area, enhanced by recessed lighting and abundant natural light. A bay window defines the dining space, adding architectural charm and creating an ideal setting for both casual meals and entertaining. The heated and cooled Florida room serves as a true extension of the living area, offering year-round flexibility for relaxing, gathering, or enjoying views of the surrounding golf course landscape. The floor plan includes three bedrooms and two bathrooms, with a well-appointed primary suite and dual closets and private access to the Florida room. Additional property features include new interior paint, epoxy-coated garage floor, sprinkler system, gutters, and a paver driveway. Located just under 5 miles from Eglin Air Force Base and 13 miles from Hurlburt Field, this property is set in a well-established residential neighborhood with convenient access to shopping, dining, and the area's most beautiful beaches. Assumable VA loan with 3.75% interest rate may be available to a qualified VA buyer with their full entitlement. This residence offers meaningful updates and single-level living designed for comfort and enjoyment. Call for the video walkthrough!
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.
