Welcome home to this beautifully cared-for 4-bedroom, 2.5-bath townhome offering the perfect blend of comfort, convenience, and low-maintenance living in an unbeatable location. From the moment you step inside, you'll appreciate the bright, open-concept layout and soaring ceilings that create an airy, welcoming atmosphere ideal for both everyday living and entertaining. The spacious kitchen features stainless steel appliances and flows effortlessly into the living and dining areas, making it easy to stay connected while hosting family and friends. Generous bedroom sizes and ample closet space provide room for everyone to relax and stay organized. Step outside to your own cozy, fully fenced backyard -- the perfect spot for morning coffee, weekend barbecues, or winding down after a long day. A 1-car garage and move-in ready condition make settling into your new home simple and stress-free. Enjoy the benefits of low HOA fees and a lifestyle designed for ease and convenience. Ideally located just minutes from downtown Fort Walton Beach, this home offers quick access to Hurlburt Field, Eglin Air Force Base, and the stunning white-sand beaches, shopping, and dining of Destin. Whether you're searching for a primary residence, an easy-to-maintain home, or a smart investment opportunity, this property checks all the boxes with proven long-term rental potential and thoughtful updates throughout. Added bonuses include: " Seller offering $5,000 toward buyer closing costs " HVAC replaced in 2025 " Water heater replaced in 2024 " Carpet replaced in 2024 This charming townhome is ready to welcome its next owner -- come see all it has to offer!
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.
