1213 Quail Lake Blvd, Destin, FL 32541
4 beds · 3 baths · 2,582 sqft
ATTENTION ALL VA BUYERS: 2.25% ASSUMABLE VA LOAN! Stunning Lakefront Home in the Heart of Destin! This home built in 2021, is a rare find, offering impeccable craftsmanship and thoughtful design throughout. Exterior features include Hardie lap siding, craftsman-style trim, a welcoming front porch, and a large screened-in back porch overlooking the serene lake. The fully landscaped, fenced-in yard is enhanced by a retaining wall at the water's edge, creating a picturesque outdoor retreat. Inside, the open-concept floor plan is filled with natural light, complemented by vaulted ceilings and luxurious finishes. Highlights include quartz countertops, custom cabinetry, stainless steel appliances, LVP flooring, and a shiplap accent wall in the living room. The master suite boasts a cathedral ceiling with tongue-and-groove wood detail, a custom walk-in closet, and a spa-like bathroom with a freestanding tub and frameless glass shower. Additional features include custom tile showers throughout, LED lighting, and ample storage. For those looking to assume a VA loan, this home offers an assumable loan at 2.25%! Perfectly located in Destin, this home provides easy access to the area's world-renowned attractions, beaches, and dining, with the option to use back roads to avoid Highway 98. Don't miss this opportunity to own a lakefront paradise in one of Florida's most desirable locations. Buyer to verify all information.
Source: EMERALDCOAST #965868
Financials
Source: EMERALDCOAST #965868
Source: Public records
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%. 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.
Other resourcesWhat 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.