1482 BALLYHOO DR, Gulf Breeze, FL 32563
**PRICE IMPROVEMENT!!** Welcome to this charming new listing in the heart of Gulf Breeze, Florida. This delightful 4-bedroom, 3-bathroom house offers a spacious 2,304 square feet of living space, perfect for families or those who love to entertain. As you step inside, you'll be greeted by an open floor plan that seamlessly blends comfort with style. The luxury vinyl plank flooring and shiplap walls add a touch of coastal flair, while the enclosed office with a sliding barn door provides a quiet space for work or study. The kitchen is a culinary enthusiast's dream, boasting granite countertops, crisp white cabinets, and gleaming stainless steel appliances. Whether you're whipping up a quick breakfast in the cozy nook or preparing a gourmet meal at the island, this kitchen has you covered. The primary bedroom is a true retreat, featuring an ensuite bath with a double vanity, walk-in closet with custom shelving, stand-up shower, and a garden tub that's practically begging for a bubble bath and a glass of wine. Outside, the inground saltwater pool is perfect for those hot Florida days. The fenced-in yard provides privacy and peace of mind, while the exterior Hardie board siding offers durability and low maintenance. And for all you car enthusiasts (or just those with a lot of stuff), there's a spacious 3-car garage. Located just a short distance from local attractions, you'll find the Lighthouse Private Christian Academy, Soundside Public Beach, and the Gulf Breeze Zoo nearby. Imagine spending your weekends alternating between beach days and animal adventures! This home isn't just about looks – it's practical too. With a termite bond in place, you can rest easy knowing your investment is protected. And let's not forget the charming front porch – the perfect spot for sipping sweet tea and waving to neighbors. So, if you're looking for a home that combines style, comfort, and a dash of coastal charm, look no further!! This is it!! Check out the virtual video!!
You may be able to put down less than the total down payment amount of $113,714 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: #649443