1220 W Water Oak Bnd, Panama City Beach, FL 32413
4 beds · 3 baths · 2,652 sqft
Perched above the 16th fairway sits a newly renovated luxury retreat offering four bedrooms and three full bathrooms across a split floor plan with ample homey and entertaining spaces. Upon entry, you are welcomed into a gathering room with soaring ceilings and an abundance of natural light.The updated baths and renovated kitchen showcase modern finishes and stainless steel appliances, making both everyday living and entertaining a delight. New tile flooring throughout adds a touch of elegance paired with durability, while the select window treatments provide privacy and style.The home's exterior and interior have been freshly painted, giving it a pristine, move-in-ready appeal. You can enjoy peace of mind knowing that the home is well-maintained, updated, and protected. Step outside to find a beautifully landscaped yard, perfect for relaxation and outdoor activities, featuring an oversized pool that is ideal for both leisure and exercise. The home's location above the fairway not only offers stunning views but also provides a sense of tranquility and privacy. This luxury retreat is highly accessible to the community's pool and wellness amenities, ensuring that relaxation and recreation are just steps away. Additionally, the property is conveniently close to the Watersound Clubhouse of Shark's Tooth Golf Club at Wild Heron, making it an ideal choice for golf enthusiasts. Combining modern updates with timeless charm, this home is the perfect place to call your own. Don't miss the opportunity to make this stunning property yours!
Source: EMERALDCOAST #954516
Financials
Source: EMERALDCOAST #954516
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.
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