1452 Ballyhoo Dr
Gulf Breeze, FL 32563
5 beds · 3 baths · 3,127 sqft
$550,000
Get prequalifiedAbout this home
Welcome to 1452 Ballyhoo Drive, an exceptional home in Gulf Breeze, Florida. This property is located steps from the water, but with no flood insurance required (flood zone X). This residence features 5 bedrooms plus an office/bonus room, a wide-open floor plan, and an assumable VA loan at an incredibly low rate. With low HOA fees, this home offers unparalleled value. The expansive family room with double tray ceilings creates a welcoming atmosphere, while the well-designed kitchen includes an oversized island, separate dining area, walk-in pantry, granite countertops, and ample cabinet storage. The primary bedroom offers a luxurious en suite bath with double vanities, a garden soaking tub, shower, private restroom, and walk-in closet. Enjoy outdoor living in the fenced backyard with a spacious covered patio, perfect for a pool, garden, or entertainment space. Additional features include luxury vinyl plank flooring, impact-rated fabric hurricane window and door shutters, and a Smart Home Connect system with a video doorbell, keyless entry, and multiple security cameras. The neighborhood is family-oriented and provides easy access to the Gulf Breeze Zoo, the upcoming new Soundside High School, and I-10. The property includes new fencing and gutters, hurricane shutters, and a survey on file. Don't miss out on this incredible opportunity in a serene and convenient location!
Source: PENSACOLA #650039
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.