1157 Lost Trl, Fort Walton Beach, FL 32547
4 beds · 3 baths · 2,145 sqft
*Have peace of mind with a brand new HVAC system (installed Feb 2025), a 2021 roof, and a $25/month power bill!* Now vacant and move in ready! Located at the very end of a cul-de-sac in Fort Walton Beach (with no HOA!), this four-bedroom, two and a half-bathroom home is sure to charm. Pull in the long driveway and appreciate the well landscaped yard and the adorable covered front porch. With wood-laminate and tile flooring throughout the entire first floor of this home it also boasts a formal dining room with custom built-ins, a well appointed kitchen with breakfast nook open to the living room, a first floor master suite, a half-bath and an interior laundry room. The kitchen features stainless steel appliances, granite counters, and a closet-style pantry. You'll love relaxing in the main living area where you'll find high vaulted ceilings and a fireplace. The owner's suite has hard surface floors a walk-in closet and ensuite bath. The bathroom spares no desire with large tile flooring, a double vanity, linen closet and a garden tub/shower combo. At the top of the stairs, a carpeted large landing can be used for almost anything your imagination desires - a playroom, an office, a lounge area or a reading nook. Off of the landing, the upstairs features three more spacious bedrooms and a hall bathroom with a tub/ shower combo, double vanity and laminate flooring. Outside you'll find a fully fenced in backyard with a storage building. House also has ATT fiber installed! Convenient to Eglin Air Force Base, Hurlburt Field, Ft. Walton Beach Medical Center, and the downtown area full of boutique shopping and nightlife, this home is perfectly situated for the area. Welcome home!
Source: EMERALDCOAST #964904
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #964904
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 of Equal Opportunity Act.