101 Starboard Dr, Shalimar, FL 32579
4 beds · 5 baths · 3,121 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 101 Starboard Lane, a beautiful waterfront home in the sought after area of Bal Harbour in Shalimar, FL. The private dock is a standout feature, complete with a protective cover, a 10,000-pound boat lift and nestled in a cove for extra protection. Experience stunning panoramic views of Choctawhatchee Bay and Okaloosa Island/Destin, with Crab Island just a short 15-minute boat ride away, and Norriego Point Beach and the Destin Harbor only 20 minutes by boat. You'll have easy access to a variety of waterfront restaurants and bars along the Destin Harbor, as well as being able to enjoy breathtaking sunsets and watch dolphins parade right from your backyard, deck, dining room, living room and master bedroom! In the backyard, water access into the bay is available via stairs in the rock seawall, and the piling foundation offers massive storage space under the home. This property boasts a brand-new metal roof installed in 2023, ensuring durability and peace of mind. The home is equipped with newly replaced HVAC systems, with the downstairs unit replaced in 2019 and the upstairs unit in 2022, along with a hot water heater updated in 2020. The kitchen is a chef's dream, featuring a large island, granite countertops, a professional-grade 48" Thermador gas stove with six burners and a double oven, dual full-sized sinks, and plenty of natural and recessed lighting. An oversized pantry provides ample storage space. The master suite offers wide waterfront views, multiple closets, and a standalone shower. All first-floor bedrooms come with their own bathrooms, providing convenience and privacy. The spacious laundry room includes storage cabinets, a sink, and counter space for added functionality. The oversized garage is a versatile space, featuring a full bathroom and a walk-in storage closet. On the second floor, you'll find an expansive living room with stunning waterfront views and abundant natural light perfect for private space or an entertaining game room, a guest bedroom with a full bathroom, and a wet bar with storage. Call us for your private tour!
Source: EMERALDCOAST #973585
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #973585
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.