1501 Partin Dr N Apt 210 # 210, Niceville, FL 32578
2 beds · 2 baths · 1,000 sqft
Second floor unit in The Oaks! This is a great opportunity to own a 2 bedroom, 2 bath unit in one of Niceville's most popular and conveniently located residential complexes. Easy Commute to multiple military bases, Northwest Florida College, schools, shopping and beaches, you cannot ask for a better central location. Washer and Dryer convey. HOA fees cover condo insurance, maintenance and use of pool, trash, recycling, cable TV and landscaping. The seller replaced both toilets, added vinyl flooring to kitchen and bath, New roof in 2022. Master bathroom is with a tub and Hall bathroom is with a shower. Buyer to verify all measurements and dimensionsListing agent has resourced lot information from the County Property Appraiser's website. While the listing agent believes that the acquired information is accurate and true, the buyer and/or buyer's agent should verify all details related to this property prior to purchase.
Source: EMERALDCOAST #966776
Financials
Source: EMERALDCOAST #966776
Source: Public records
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%. 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.
Other resourcesWhat 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.
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