VA loan
1 of 71
VA loan
$1,495,000 SIGNIN

Sign in to see required down payment for the 2.75% rate

1110 Santa Rosa Blvd # B401, Fort Walton Beach, FL 32548

3 beds · 3 baths · 1,519 sqft

As the premier unit on the market, this stunning 3-bed, 3-bath condo offers unrivaled Gulf views and top-tier renovations that make it a true standout. Welcome to the epitome of luxury beachfront living at Waterscape Condominiums, located on the pristine shores of Okaloosa Island. This exquisite 3-bedroom, 3-bathroom condo has been meticulously renovated to perfection and offers sweeping, unobstructed views of the Gulf of Mexico that you simply won't find anywhere else.Designed for both elegance and comfort, this unit features a spacious open floor plan, modern appliances, quartz countertops, woodgrain tile throughout, and stainless steel appliances, while the living and dining areas seamlessly flow to the private balcony - the ideal spot for watching the sunset over the Gulf or enjoying your morning coffee as you listen to the waves crash. **Property Features:** - 3 Bedrooms, 3 Full Bathrooms: Spacious and beautifully appointed with plenty of room for family and guests. - Unobstructed Gulf Views: Wake up to panoramic views of the sparkling Gulf of Mexico and fall asleep to the soothing sounds of the ocean. -Renovated: Thoughtfully designed with coastal colors & furnishings - Large Private Balcony: Perfect for enjoying the stunning sunsets or serene morning walks along the coastline. - Vacasa Rental Projections: $120k-$130k in annual rental income potentialperfect for investors! Vacasa is located in the foyer and has provided these projections based on the unit's location and amenities. Waterscape Condominiums Amenities: - Beach Access: Direct, private access to the beach where you can enjoy the soft, white sands of Okaloosa Island. - Multiple Pools: Relax in the multiple outdoor pools, including a heated pool, a zero-entry pool, and a children's pool with fountains. There's also a winding lazy river for fun and relaxation. - Hot Tubs & Fitness Center: Two outdoor hot tubs and a 24-hour fitness center offering views of the pool area. - Children's Facilities: Seasonal kids' club, playground, and arcade room to keep the little ones entertained. - Poolside Dining: Seasonal poolside bar and snack shack serving light meals and beverages. - Unbeatable Location: Within walking distance to a variety of dining, shopping, and entertainment options on Okaloosa Island. Explore nearby attractions like the Gulfarium Marine Adventure Park or the Emerald Coast Convention Center, or simply enjoy a peaceful stroll along the coastline. - First come first serve covered parking & adjacent shared spacious uncovered parking offering space for RV's & large automobiles. This unit has never been rented outits current owner has cherished it as their full-time home. They loved walking the beautiful coastline in the evenings and mornings, and soaking in the spectacular sunsets from the comfort of their balcony. Now, it's time for a new owner to enjoy all that this incredible property has to offer. Don't miss the opportunity to make this extraordinary condo your new home or investment property. Contact your favorite agent today to schedule a showing! You'll love everything about this beautiful unit at Waterscape!

Estimated
Seller's interest rate
2.75%
7%
Estimated
Monthly payment

$5,302
$6,516
You may also save up to $369,186 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $6,516 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
2.75%
Remaining term
25 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$5,302
Principal & interest
$2,254
Mortgage insurance
-
Property taxes
$523
Home insurance
$1,357
HOA fees
$1,167
Utilities
Not included

Source: Public records

Home details
Size
1,519 sqft
Year built
2008
Type
Condominium
HOA dues
$1,167.00

Source: EMERALDCOAST #967875

Qualify

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.

Resources
Frequently asked questions

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.

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Last updated: Apr 25, 2025 09:17 am
Listing agent: Heather Blatz (850) 830-8980
Listing provided courtesy of: Keller Williams Realty FWB (850) 226-6323
Details provided by EMERALDCOAST and may not match the public record.
MLS ID: #967875
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
$5,302
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