1061 Troon Dr E, Niceville, FL 32578
3 beds · 3 baths · 3,006 sqft
2.98% VA ASSUMABLE LOAN!! Fantastic, spacious Home W/3 YR ROOF & 2 large living areas in BWB just minutes to Destin. Flooded w/natural light, the dramatic, large living rm w/18+ ft wood ceiling & soaring, whitewashed stone, wood burning fireplace takes center stage & will be the gathering place for all. The 2nd, 627 SF Great rm w/beautiful custom wood ceiling & French doors provides the ideal space for relaxation, play & family movie nights. You'll love the renovated eat-in kitchen w/newer cabinets, granite counters, SS appl & large eating bar. Dine casually in the breakfast nook or entertain in style from the formal dining area. Fresh interior paint, NEW interior doors throughout & NEW LVP flooring on stairs & 2nd level provide an updated look. Enjoy privacy in your master retreat/updated master bath, large walk-in closet & hidden" pocket office area in back of master closet. The 2nd level loft makes an ideal office or exercise area. 3 Year roof & 7 Yr HWH provide affordable insurance, and newer solar panels (to be paid off in full at closing) provide lower utility bills. The spacious backyard w/patio & natural views allows plenty of room for play and/or pool. Located in the heart of Bluewater Bay's resort community, schools, shopping & restaurants are close by. Hop onto the Mid-Bay Bridge and arrive in minutes to the white sand beaches of Destin. Enjoy an easy commute to Eglin, Hurlburt or Duke Field. Act now as this Home won't last long.
Source: EMERALDCOAST #941643
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: EMERALDCOAST #941643
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.