1438 E SHORES BLVD, Gulf Breeze, FL 32563
This stunning home in the highly desirable, gated Soundside Shores neighborhood, is the perfect combination of modern design elements, exceptional finishes and the epitome of quality construction. Within seconds to Nantahala Beach Road Park, minutes to shopping, restaurants, hospital/medical centers, Woodlawn Beach boat launch and an easy commute to Hurlburt Field. The thoughtful floor plan provides ample room for those needing a blend of formal and open-concept living, all on one level. The main living area with its tile plank flooring, wood beamed coffered ceiling, designer color palette, custom lighting, and walls of windows is truly a place to gather, while the formal dining room is perfect for more intimate gatherings. The adjacent study with 8’ French Doors, offers flexibility to be used as a home office, workout area or additional guest area. The kitchen is a “Foodies” dream, with its two-toned classic gray and navy blue cabinetry, contemporary Quartz countertops, GE stainless appliances, 5 burner gas cooktop, porcelain lantern tile backsplash, walk-in pantry, center prep island with storage, and additional high top breakfast bar with seating. The square stacked wainscotting in the charming eat-in-kitchen area creates an elevated feel, while the enclosed patio offers increased privacy and serene views of the mature tree lined backyard with room for a pool. The spacious private master bedroom and bath are a true retreat. Complete with vaulted beam ceiling, shiplap wall, soaking tub, separate vanities with an incredible amount of storage. Each additional light-filled bedroom is equally well appointed with a combination jack-n-jill and full bath, carpet, and large closets. Not to go unnoticed, the fantastic laundry room features space-saving built in hampers, shelving and folding area, while the two-car garage with ample storage for the outdoor enthusiast taking advantage of all the Emerald Coast has to offer.
You may be able to put down less than the total down payment amount of $174,727 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: #644576