1482 Ballyhoo Dr, Gulf Breeze, FL 32563
4 beds · 3 baths · 2,304 sqft
ASSUMABLE VA ASSUMPTION AT VA GREAT RATE!! 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!!
Source: PENSACOLA #649443
Source: PENSACOLA #649443
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #649443