1920 Seahawk Ln, Navarre, FL 32566
3 beds · 2 baths · 1,491 sqft
Charming 3-Bedroom Home in Navarre with Amazing Community Amenities! Welcome to 1920 Seahawk Lane- a beautifully maintained 3-bedroom, 2-bathroom home offering 1,491 sq. ft. of comfortable living space on nearly a half-acre of flat, usable land!Step inside to find modern granite countertops throughout, a spacious living area, and a screened-in patio, perfect for year-round relaxation. Major upgrades include a new roof (2021), HVAC system (2018), and garage door opener (2021)--offering peace of mind for years to come. The home also features an irrigation system on a well, keeping your lawn lush and green without the added water bill!Located in a desirable community, this home comes with exclusive Holley by the Sea amenities (playground, pool, fitness center, private beach, boa boat ramps and more) Ideal for those who love an active lifestyle or want to enjoy the best of Florida living! Plus, it comes with a transferable termite bond for added protection. Conveniently located near top-rated schools, shopping, dining, and just a short drive to the stunning Gulf Coast beaches and Hurlburt Field! All information is deemed to be accurate, buyers and buyer(s) agent to verify all measurements and pertinent details. Don't miss out on this incredible opportunity schedule your showing today!
Source: EMERALDCOAST #971940
Financials
Source: Public records
Source: EMERALDCOAST #971940
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.