1401 Mark Twain Ct, Niceville, FL 32578
4 beds · 2 baths · 2,233 sqft
Get a free consultation call with an expert in the mortgage assumption process.
VA assumable loan with a 2.875 % interest rate! Welcome to this beautifully maintained 4-bedroom, 2-bath custom brick home nestled on a quiet cul-de-sac in the highly desirable, gated community of Magnolia Plantation. With a split-bedroom floor plan, multiple spacious living areas, and thoughtful updates throughout, this home offers comfort, style, and convenience. Step inside to find light-filled formal living and dining spaces, perfect for entertaining. The great room features a cozy gas fireplace, custom built-in bookcases, and opens to a large eat-in kitchen with island, breakfast bar, and stainless-steel appliances. The oversized master suite offers a peaceful retreat with a large walk-in closet, dual vanities, jetted tub,and separate walk-in shower. Three additional bedrooms share a full guest bath and are tucked away off the formal living room for added privacy. Enjoy low-maintenance living with tile in wet areas and luxury vinyl plank flooring throughout the rest of the home. Other highlights include: Indoor laundry room, ceiling fans throughout, side-entry garage with large paver driveway and circle for additional parking, irrigation system, private backyard, a paver stone patio, and custom pergola. Located just minutes from Eglin AFB, the Mid-Bay Bridge, Destin's beautiful beaches, shopping, and A+ schools. Enjoy easy access to neighborhood amenities like the pool, marina, golf course, and tennis centerjust a short walk away. Community features a guard-gated entrance for peace of mind. Tenant-occupied: 24-hour notice required for showings. Don't miss your chance to own this incredible home in one of the area's most sought-after neighborhoods! NOTE: VA assumable option will need to bring about $235K to close the gap; current payment is $2,150 per month.
Source: EMERALDCOAST #973933
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 #973933
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 and Equal Opportunity Act.