130 Heritage Cir, Panama City Beach, FL 32407
3 beds · 2 baths · 1,234 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled on the quiet East end of Panama City Beach, this charming 3-bedroom, 2-bathroom beach cottage feels like home from the moment you step in. The laid-back, coastal vibe makes it the perfect getaway or year-round residence. Inside, you'll find an open, airy living space with plenty of natural light. The living room flows effortlessly into the dining and kitchen areas, creating a comfortable space to relax or entertain. Whether you're whipping up a meal in the kitchen or lounging after a day in the sun, this home has everything you need. Outside, the large backyard gives you plenty of room to stretch out, while the spacious rear deck is ideal for enjoying warm evenings or starting your day with a cup of coffee. With a 1-car garage, you'll have space for your vehicle or extra storage, plus the convenience of a circle of homes with just one entrancegiving you added privacy. Located just minutes from the bridge, the local college, and beautiful State Park, you'll have easy access to all the best Panama City Beach has to offer. This cozy home is ready for you to make it your ownwhether you're looking for a peaceful full-time residence, a vacation retreat, or a great investment.
Source: EMERALDCOAST #968318
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #968318
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.