152 Richpien Rd, Fort Walton Beach, FL 32547
4 beds · 2 baths · 1,805 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming Home in the Heart of Fort Walton Beach.Nestled among beautiful oak trees, this inviting 4-bedroom, 2-bathroom home offers the perfect blend of comfort and convenience. Ideally situated between both military bases and just minutes from the beach, it provides easy access to all that the Gulf Coast has to offer.Step inside to discover a light-filled interior with soaring 10-foot ceilings, freshly painted throughout and brand-new carpet in all the bedrooms. The spacious living room is perfect for relaxation, while the open-concept kitchen features rich, staggered cabinetry, stainless steel appliances, and a long breakfast bar--ideal for casual dining and entertaining. A walk-through laundry room offers additional storage for everyday convenience.The family dining area overlooks the backyard, creating a perfect setting for meals and gatherings. Retreat to the primary suite, where you can unwind in the oversized garden tub or refresh in the large step-in shower.The two additional bedrooms have good sized double closets and ceiling fans and enjoy the additional bathroom with step-in shower/tub and large vanity.Fourth Bedroom is a great size and could also be used as an office. Outside, the privacy-fenced backyard offers a covered porch & gated access on both sides. Whether you're looking for a forever home or need to be close to the bases this move-in ready gem is waiting for you. Don't miss your chance to make it yoursschedule a showing today!
Source: EMERALDCOAST #973240
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #973240
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.