1161 SAWGRASS DR, Gulf Breeze, FL 32563
ATTENTION! VA assumable loan! Tucked away in the private gated community of Sawgrass within Tiger Point awaits 1161 Sawgrass Drive, a soaring 3 story, custom residence in the coastal town of Gulf Breeze, Florida. Sawgrass features a gunite, in-ground community swimming pool, private dock and is surrounded by golf course #6 hole, the Santa Rosa sound and a sawgrass bayou. This beautiful 5 bedroom, 4 bathroom home boasts an open living area with spectacular views of the bayou and sound, large kitchen with custom cabinetry, granite counter top, wall oven, glass cooktop and island bar seating. There is sturdy tile, carpeting and lvp through the home- a dumb waiter convenient for delivering items from the ground to living level. This home features a mother-in-law suite with kitchenette, laundry, full bath and separate entrance on the ground level. You may find it difficult to leave the views from the spacious master bedroom. Beginning with the creative window views located in the hallway leading to the primary room, step inside to one of the most coveted sights in Santa Rosa County. The large, newly renovated master bath will be another spectacular room to soak in suds while you soak up sunsets or listen to the rain dance on the soaring metal roof. Travel higher up the spiral staircase onto the eagle's nest panoramic views. Other features to note is your private pier access with 2 jet ski floating docks, ready for your crafts to take you in minutes from residential bliss to Pensacola Beach fun, dining or Gulf Islands National Seashore coastal cruising. This corner- lot stucco home is zoned for grade A public schools, world class healthcare, shopping, dining, churches and ball fields, all accessible by car, bike or golf cart legal streets. This home is beautiful, unique and ready for your private tour.
You may be able to put down less than the total down payment amount of $297,018 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #644130
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.